If a placement or share purchase plan (spp), it will be conducted at approximately 10c...
They could still go down the IPO path however, which would need to be done at 20c...they have about a month to make up their minds.
The reason for the trading halt however, which is in relation to the Hume mining agreement is still to be released.
This should, at the very least, underpin the current price...although, I suspect it may continue to run.
Cheers!
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