Ann: Update - Request to lift voluntary suspension, page-15

Erm... no, that's not how it works. They need to publish a long form prospectus if they want to issue new securities, but that isn't generally required for the suspension to be lifted.

Usually, when ASX is comfortable that a company is satisfying the rules, suspensions get lifted pretty easily. That they haven't done so yet is not a good sign. They might be waiting for the independent experts report because there are still question marks around the valuation of HML and the JBFG deal (the actual valuation probably lives somewhere between HML's $79 million and my $3.50 valuation)