Why go into the trading halt?
They were forced to for ignoring the fact that there was pre existing 100m calcrete data that defined the anomaly and there work was simply infill. They also ignored the fact that the original anomaly was followed up by bedrock drilling and they did not report it. I imagine the halt will remain until they sort out the problems they have created by almost misrepresentation to the market.
Remember this is not the first time this has happened. About a year ago they reported shonky copper results from drilling and were forced into retractions. Shortly after the md was forced out. Could happen again.
MEU Price at posting:
1.6¢ Sentiment: Sell Disclosure: Not Held
