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I rang Terramin today to find out what's happening in regard to the suspension.
They referred me to a gentleman call Mark who was very helpful.
Mark clearly stated that Terramin was not going into receivership and the suspension was due to an undisclosed issue between Terramin and the accountants which was delaying the release of the half year reports and accounts. Mark expects the issue to be resolved within days.
I believe that Mark is a contract consultant for Terramin and I appreciated his openness.
I asked why Nic Cliff has not made any announcement to the market. Mark stated that he has conveyed the very same message to Nic. Let's hope that Nic does the right thing and makes an announcement soon.