The analysis of a trading halt announcement is genuinely always within the announcement itself, no need to look any further.
1. Reason for trading halt: the trading halt is requested to assist the Company in managing its continuous disclosure obligations as the Company expects to make an announcement to the market regarding well test results at South Erregulla-3.
That means well test results incoming by Tuesday or on release of announcement.
Nothing sinister in that sentence, quite the opposite really.
I'm very keen on SE-3 with early results showing an outstanding well pressure and configurations.
No crossed wires for me this announcement is very categorical in its message!
My opinion only.
GLAH.
Ann: Trading Halt, page-101
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Last
20.0¢ |
Change
-0.010(4.76%) |
Mkt cap ! $572.1M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 21.0¢ | 20.0¢ | $1.785M | 8.776M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 76 | 3486632 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1783463 | 9 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| STX (ASX) Chart |