Damned if you do damned if you don't. if no T/H and news leaks people will ask why a T/H wasn't called.
So IMV it's a T/H to maintain continuous disclosure obligations is actually the right corporate governance for a small cap - Avoid ASX please explains, and news leaks trading.
On the other hand, and as indicated - for small caps it does a slightly better job of advertisement/promotion.
Either way, i can't see too many negatives. Best to be on the safer side governance wise, especially if IGO is a 19% holder - don't exactly want to be seen as cowboys. Plus gives them a couple days to formulate the announcement based on whatever news this relates to.
As mentioned maybe EM downhole, further IGO commitments - or maybe hole 2 visuals don't recall seeing that - but maybe i missed it.
SF2TH
Damned if you do damned if you don't. if no T/H and news leaks...
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Mkt cap ! $19.92M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 13.0¢ | 11.5¢ | $28.66K | 247.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 4 | 162375 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 11.5¢ | 15311 | 1 |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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11.5¢ |
Change
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.5¢ | 44970 | ||
| Last updated 13.59pm 03/05/2024 ? | |||||
| BUX (ASX) Chart |