I am very confident it is just the final details being sorted.
Lawyers, corporate & financial advisors all have to sit bounce drafts back and forward when trying to agree on the finer details.
The whole board would be sitting in on this one for regular meetings until they finalize and submit a draft that both parties in two different time zones can ratify.
Then lawyers check it again and it's submitted to the ASX for them to check it.
The stock should of been halted by now and it's incredibly sloppy so far but this is what happens with leaks.
Good chance PLS' lawyers didn't know those articles were out yesterday but they damn well knew POSCO board had agreed to that facility at their board meeting, and if they didn't know, then it's very poor governance by management.
Not something to worry about on good news, but when the shoe is on the other foot.....
Would be very, very surprised if not halted today.
Good News & Bad News, page-407
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Last
$3.80 |
Change
-0.060(1.55%) |
Mkt cap ! $11.43B | |||
| Open | High | Low | Value | Volume |
| $3.79 | $3.82 | $3.73 | $57.00M | 15.04M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 69737 | $3.80 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.81 | 38473 | 6 |
View Market Depth
| Last trade - 16.10pm 26/04/2024 (20 minute delay) ? |
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Last
$3.80 |
Change
-0.060 ( 1.42 %) |
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| Open | High | Low | Volume | ||
| $3.80 | $3.82 | $3.73 | 3913253 | ||
| Last updated 15.59pm 26/04/2024 ? | |||||
| PLS (ASX) Chart |