Ann: Suspension from Official Quotation - Listing Rule 17.3, page-89

"Hardey advises that the publication of Resource and Production Targets as contained in the above-mentioned statements is contrary to the principles of the JORC Code, on the basis that the Company has not released a Mineral Resource for the Nelly Vanadium or Burraga Projects, and has not completed the necessary studies that would support the release of Resource or Production Targets"


While the background work on burraga asset is still there, the value there to be realized.
so, hmmmm, is this a lifestyle management ? which hold the flame for the moths to keep coming ?

or are they going to get this into motion. ?  

Has the convoluted EIS before they can proceed justified the delays ? Why they discover now the EIS was less progressed ? was it a locked file ? collecting dust?

"Gaining approval of the EIS at Lloyd’s remains a priority with the Company ultimately aiming to obtain a mining license for the Lloyd’s site. Upon conducting a fresh review during the quarter in conjunction with consultants, the EIS was found to be in a much lesser state than the Company had previously anticipated. Much of the work previously conducted is now outdated, incomplete and in need of revision."

The asset good, the execution ? So to proceed to complete the above? To get competent consultants to make progress. ? Who was doing the EIS? Why was it not in a better state as anticipated?

Hence it is cheap, as disgruntled shareholders, sell out, and understandably so.
the question is, ARE, IS, going to get traction now? or NAY.

Have they addressed the issues that will get it moving ?