To be honest I’m not sure what the rules and regs are around disclosure while in disclosure. I agree that an announcement regarding mobilisation and work at Mt Ridley should be soon, but whether they’re planning any work right away or are waiting for the acquisition and a change of tack is anyone’s guess.
Maybe that’s part of the problem, a big enough change in focus that the ASX are asking for more hurdles to be jumped before they ok it.
I agree with Lazzie, only time will tell and it’s all academic until the ASX give the all clear. But let’s try and keep it real people. Wild speculation based on nothing but paranoia is worse than useless.
MRD Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held