I am an old-time fan of SAU, and I know there is gold in Cambodia. But in my opinion, today's announcement has to be one of the most irresponsible announcements I have ever read.
To say: "We are on the verge" or "A discovery is imminent" is just ludicrous.
I reckon the trading halt is because they will have been taken to task by the ASX ... ala CDU style.
Not meant as a downramp & if they come out & say they have found Eldorado, well fine. But why not have just WAITED to announce that in the first place? Why the, "we are on the verge" rubbish?
Well done to any traders who made some dough on it though, not sure about those still holding the bag
cheers
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