Hi guys
for the company to go into a trading halt one needs to assume the impact will be material. These geotechnical issues hurt for 2 reasons , one it impacts production but it can result in additional value detraction either via lost reserves ( unminable) or cost to rectify. Mgx had a mine wall issue ( geotechnical ) and it cost 10s of millions to repair
I agree medium to long term it will be fine but very high probability of a decent sized fall when it reopens
Ann: Trading Halt, page-46
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$1.96 |
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Mkt cap ! $1.480B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 15 | 27097 | $1.96 |
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| Price($) | Vol. | No. |
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