RRP realm resources limited

It seems that ASX are playing hardball with RRP and stringing...

  1. 3,703 Posts.
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    It seems that ASX are playing hardball with RRP and stringing this longer than what it should and placing RRP shareholders at a disvantage by not allowing us to trade.

    RRP management didn't do anything wrong in my opinion it was ASX who screwed this up by allowing RRP to trade from time of news which they could have approached RRP at time of Trading Halt.
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    29th october 2016 RRP was placed in Trading Halt
    Pursuant to ASX Listing Rule 17.1, Realm Resources Limited ACN 126 341 384 (RRP) hereby requests a trading halt to be placed on RRP’s ordinary shares with immediate effect.
    For the purposes of ASX Listing Rule 17.1 and in support of this request, RRP advises that:
    a) the trading halt is requested pending an announcement by RRP to the market in relation to an acquisition and financing;
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    31st October 2016 Released news of Foxleigh Transaction and began trading

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    13 September 2016 RRP was placed or actually forced into suspension by ASX regarding listing rules 11.1.2 and 11.1.3 to the Foxleigh Transaction announced by the Company
    Note 12 “Significant Changes to Activities”, if an entity is contemplating a transaction that may result in a significant change to the nature or scale of its activities, the entity should apply to ASX for a determination as to whether Listing Rules 11.1.2 or 11.1.3 may apply to the transaction.

    Would like to add Note 12 “Significant Changes to Activities” the coal mine in Indonesia which RRP hold a 51% stake in, is worth alot more than Foxleigh if they started mining it.
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    ASX are dragging there heals and and placing us retail investors at a disvantage by not allowing us to trade and trying to make RRP jump through there stupid hoops.

    ASX allowed us to trade from 31st October 2016 to 13 September 2016, when they should have placed RRP into suspension within a few hours from the release of news on 31st October 2016 of Foxleigh Transaction

    If you are a shareholder and reading this, contact ASX and make some noise as they allowed us to trade for almost 2 weeks and now playing games with us shareholders  (Phone 131 279)

    RRP didn't do anything illegal or criminal, they placed us into a Trading Halt and followed the correct procedure, ASX can use there discretionary powers to wave a few items and accept a majority of the blame.

    If RRP did anything it was they secured a lifetime deal which we should all be grateful for.

    The Top20 holder list did not change and remained the same at the time of transaction of Foxleigh Transaction

    ASX HAVE TO EXCEPT BLAME IN THIS AND NOT MAKE US SHAREHOLDERS BE AT A DISVANTAGE BY NOT ALLOWING US TO TRADE AND WORK WITH RRP MANAGEMENT TO RESOLVE THIS ASAP.
 
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