"Pluton Resources remained in trading suspension during February while joint venture arrangements at its Cockatoo Island iron ore project were being renegotiated. Meanwhile, Watpac announced that it had been awarded a mining services contract to continue mining on Cockatoo Island.
The use of extended trading halts is an undesirable feature of the Australian stock market insofar as companies can use section 17.2 of the ASX listing rules to avoid fulfilling their continuous disclosure obligations and, by closing down the number of trading opportunities, restrict market liquidity