"The TH to confirm the cash was a bit weird, especially given...

"The TH to confirm the cash was a bit weird, especially given there was neither a TH nor a statement from GXY when the POSCO deal was originally announced" 

My take on the reason for the TH is simply that AT (et-al) knew that the Argentine Courts would leak the information like a clapped out old colander with a 6 inch rust hole in its arce, once it was all signed off sealed and ..delivered.. (as evidenced by the jump in the GXY SP just prior to the Pause announcement on Friday) and so he implemented the TH to prevent the shorts from getting any head start on escaping from their own deep hole prior to GXY being able to officially announce it to the Markets on Monday. I personally believe AT wants (to now borrow a famous phrase from a certain ex Australian PM named Keating) to .."do them, (the shorts) ..slowly"..