Fair bit of speculation - but trading halts are generally employed for continuous disclosure purposes.
i.e. They've become materially aware of outcome and now need some time to put the announcement together. By doing so preventing anyone being able to trade on that news.
IMO either deal is done - or worst case maybe an extension on the date. In saying that it seemed fairly clear cut - so i'm more in the camp of. Done deal all buttoned up.
It's not an inconsequential deal, so even possible that they'll articulate use of the funds in relation to the REO project.
Hope everyone is well, S/P doing great despite a pull back in the REO price. Expecting this to turn in H2.
The HREO are rising slightly so Nd/Pr should be far behind either.
SF2TH
Ann: Trading Halt, page-19
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