A little early to be claiming that I would suggest observer3....

A little early to be claiming that I would suggest observer3. Perhaps the ASX has taken into account the clamour going up about how a delisting is going to affect the ordinary shareholder more than the villains in the form of Clee and the Board.

However it is just an offer to consider what HDY is proposing and the ball is very much in HDY's court at the moment. HDY has to produce something that is really going to convince the ASX that it is offering a set of solutions that satisfy the ASX.

Now given that HDY could not provide a completely candid response to the ASX questions before and was a tad tardy in meeting the deadline then I would not be confident of a.) HDY actually meeting the new deadline and b.) providing a set of alternatives that satisfy the ASX that it will then not proceed with delisting HDY.

I wouldn't be betting on a positive outcome. Well in fact I would not be betting on which way the outcome would go. In some ways it could be 50:50 but I think the ASX wants HDY's scalp. All IMHO.