Beachcomber, Liongold is down 42% and has been suspended from the Singapore Exchange Limited.
The Exchange said (quoted from a Bloomberg article":
"In separate statements, the bourse said the suspensions, all announced within six minutes, were meant “to safeguard the interests of the market,” which might not be “fully informed.” The suspensions were the first ordered by the bourse in 13 years on the grounds of maintaining an “orderly, informed or fair” market. It didn’t say when or under what conditions trading in the companies’ shares might be allowed to resume."
When you think about DML, it is unbelievable that the ASX did not suspend this co on the numerous occasions they had. What does this say about the ASX and its obligations to shareholders and an informed market?????
DML Price at posting:
7.4¢ Sentiment: None Disclosure: Held