Calling a 'trading halt' for something as minor as a 4 day loss of prod has been disasterous for numerous small retail holders with stop losses. The trading halt alerted the big players. After reading the final ann there remains another 20 min delay b4 trading resumes. Clearly the shorters piled-in knowingit was highly likely that numerous stop-losses would triggeronce the 40c mark broke. They smashed SP down to 37c (over 10% below friday's close) and then closed out and probably went long at 37-37.5c. They make 10% on short and 8% on the long. Retail holders (who probably paid 50c) are left with substantial losses, demoralised and foolish knowing they are victims of the big players. IGR must ann the delay in prod. But calling a trading halt in this instance was overkill. How many retail investors are leaving the ASX... some for good? Thousands i suspect.
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