Botsi, unless the voluntary suspension is extended by a request for a further voluntary suspension, once the news is released buys and sells are normally accepted by your platform. If the news is considered to be market sensitive the ASX will place a 10 minute hold on the trading of these orders to give the market time to digest the news. So if during that 10 minutes you should have an opportunity to change your mind and delete that order. Normally, although the ASX may receive it at 9.30 AM, it will not release market sensitive news until 10.00 AM thus trading will not happen until 10.10 AM. Under ASX Operating Rule 3301 (a), ASX may implement a halt to trading in an entity’s securities if it receives an announcement from or about the entity which it considers to be market sensitive. If the announcement relates to a takeover offer by or for, or a scheme of arrangement involving,the entity, the halt will last for approximately one hour. In all other cases, the halt will last for approximately 10
minutes.
The purpose of the halt is to allow the market to absorb and react to the information in the announcement. Trading will then resume in the normal way without the entity being required to take any action.
AJM Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held
