Given the article says that they are placing $30m of shares at 45c to Rizhao Steel(a 50% premium to the share price), and about to sign a significant offtake agreement agreement on their Iron Ore... I would say they need a trading halt.
ADY can not let the shares trade pretending nothing has happened and then pull out the announcement in 2 days time say.... No wonder Phil has been on "holidays". A guy who normally is the most approachable CEO, has been under self embargo while he signs a huge deal.
last refuge of a scoundrel, page-4
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Mkt cap ! $16.29M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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|---|---|---|
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