The Company subsequently received the query letter from ASX that was responded to by the
Company in its ASX release of 28 September 2018 and has remained in suspension pending
completion of the ASX review process.
and
ASX has advised the Company that it will not permit the suspension in trading of the Company’s securities to be lifted until such time as ASX’s concerns with respect to the affairs of HDY have been resolved to ASX’s satisfaction. ASX has taken this view as a result of the similarities between the vendors of assets to HDY and the proposed vendors of assets to the Company. In ASX’s view, the submissions that HDY may put to ASX in response to ASX’s letter to HDY of 29 November 2018 (as announced by HDY on that date) may be relevant to the Company given the similarities in the transactions.
VIC Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held