Good volumes of FPO shares trading and also rights starting to trade some volume also. To me this means supporters of Tectonic and the Phillips River Project are strengthening their positions.
Can only assume delay in releasing Scoping Study Report is because they want to hold it back until after rights trading ceases or they are too busy finalising the placement and rights issue. They did say it would be completed by the end of last month. I guess it would be a little unfair to release it during the short period of rights trading. Those that have already sold off their rights would be a little upset if the release of the study sent the shares and rights market price up significantly. It would have been more transparent to have released the report well prior to rights trading commencing.
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