Someone correct me if I'm wrong but usually a trading halt will last up to 48 hrs maximum.
If the company cannot make the pending announcement following a trading halt, it will be suspended by the Australian Stock Exchange or ask to be put in suspension. The suspension will remain until the company can make the announcement. It gives Cougar more time to make their announcement and it could be that they want their announcement made at the start of trading week to build momentum for the SP. It's really a game of wait and see it can go either way.
