how long until the sun will dance?

A voluntary suspension will generally only be granted for the period ASX considers reasonably necessary for an entity to manage its continuous disclosure obligations.

In certain exceptional circumstances, ASX may agree to suspend quotation of an entity’s securities (or maintain an existing suspension) notwithstanding that the entity may be in a position to make an announcement about its progress in an incomplete proposal or negotiation that reasonably informs the market as to the current status of the proposal or negotiation. The circumstances in which ASX will consider agreeing to this course of action will generally be limited to situations in which the entity is reasonably of the view, and ASX is satisfied, that reinstatement of trading in its securities is likely to be materially prejudicial to the entity’s ability to successfully complete a complex transaction that is, or series of interdependent transactions that are, critical to the entity’s continued financial viability.

In such a case, ASX will require the entity to provide the disclosure required under Listing Rule 17.2, including setting out its reasons for the suspension (or continued suspension) and a proposed timetable for reinstatement of trading, and for that information to be released to the market.

ASX would be unlikely to agree to such a request if a reasonable timeframe for completion of the proposal or negotiation cannot be estimated.

http://www.asxgroup.com.au/media/PDFs/gn16_trading_halts.pdf