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They should have pressed the button about 3 months ago. If you...

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whitto

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34

09/01/18

16:36

Post #: 30166970
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Originally posted by Miner101 ↑

I'm sure they would have a draft prospectus as well, but equally the new MD would want to review it in detail as most are very onerous documents and he needs to understand and agree with everything that is stated in the doc- he will have to sign off on all content as well as all other Directors. After that, there are statutory timelines that need to be followed such as providing the prospectus to ASX/ASIC for review which takes 4-6 weeks minimum in my experience.

My view is it would take 3 months, minimum, at this stage if they pressed the button to go ahead today.

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They should have pressed the button about 3 months ago. If you run a pit like this you wouldn't have a job for long

RRP Price at posting: 8.5¢ Sentiment: Sell Disclosure: Held
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