If the 27 September 2021 TH was at the insistence of ASX (I don't know if this is the case. I've seen no evidence to confirm it), and considering the length of time trading in SCU securities has been suspended (almost two months!) it raises a couple of possibilities:
- ASX has concerns that SCU has been unable to adequately satisfy, even after all this time
- The matters under investigation may be complex or numerous, or involve sourcing information from multiple parties, or SCU is finding it challenging to provide the answers the ASX needs, for other reasons
This is all speculation. I don't know for sure. I don't think we have the evidence we need to say anything definitive. Nor is there any evidence (That I've seen or am aware of) that SCU as actually done anything wrong or acted improperly
In terms of what sort of announcement we receive when SCU resumes trading. I think some possibilities are:
- A correction / clarification to a previous announcement on a proposed material JV
- No announcement (just a notice saying the suspension is lifted with zero explanation of why it occurred)
- An announcement of a proposed new material JV
SCU Material Joint Venture, page-71
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