CLZ 0.00% 0.1¢ classic minerals ltd

something is brewing, page-8

  1. 1,942 Posts.
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    As I understand not all the assay results had come in, that is, they were waiting on more results so they can make a full release to the market. In the meantime to avoid getting a speeding ticket and a slap on the wrist by ASIC they would have been obliged to call a trading halt as speculation was mounting and price and volume was increasing. According to ASIC a TH can only be kept in place for a finite period - its either 24 or 48 hours. As such I suspect that when the results didn't come through in time they had no choice but to place the company in suspension of trading. That is my understanding of how these processes work. It appears that buying volume is building even though price doesn't seem to be. I suspect people are waiting to see the results before they jump in. Lets hope an announcement is soon but I would guess they should be good in order to use up a TH. Good luck to all holders.
 
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