ASX LISTING RULES CHAPTER 17 17.2 17.4 Are fun.

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Mactrix

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01/11/17

13:41

Post #: 28396332
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Originally posted by Lawyerman ↑

I suspect that if we are not lifted from suspension today that these guys are scrambling to release the graphite JORC in order to save face and keep their jobs. There is no way that the response to the speeding ticket takes longer than the announcement they made today (especially since it necessitated a delay in strategy etc) unless ASX is implicated in the suspension issue because TH was requested/not actioned which complicates the response (irrelevant really, it was going to get belted either way).

If suspension is lifted without any redeeming news then I will wait for the bottom and top-up in anticipation of JORC and second auction (although now I wonder how they will be funding the graphite project). There are few positives out of this being: some rubies being sold for nearly $2,000 per carat indicating some quality in the ground (how much not sure); there is demand; the company still has $5m cash etc.

BUT there are also massive question marks for me, namely: how the hell did DW know that $500kUSD is what would be received from a blind auction on the second day?! That reeks of cartel behaviour. This is now the only concern I have (and maybe funding although that is mitigated with delaying upramping and any dilution won't hurt as much as the opening price after reinstatement if no good news comes in the meantime) - but really we should not be concerned with the ground, just need to find more of the stones $2,000 per carat (which we could have done with the optical processor).

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ASX LISTING RULES CHAPTER 17

17.2 17.4 Are fun.

MUS Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
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ASX LISTING RULES CHAPTER 17 17.2 17.4 Are fun.

Top Stories

White Cliff gears up to explore expanded Nunavut Cu-Ag-Au project in Canada

High-grade lithium zone extended at Patriot's Corvette project, drilling grades at 5%

Hot Chili sets up water company as drought racks Chile–but must also build communities a desal plant

Rex Minerals soars 60% on $390M Indonesian buyout deal from MACH Australia

Core Lithium narrowly beats guidance on FY24 spodumene production but 1Y returns still shattered

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