I already explained this but since you obviously missed it. There are two options:
1. This is the most material drilling in DMI/GLN's history, and probably ever. They likely hit brine, confirming all of Candelas, then needed to call a trading halt otherwise insider trading would run rampant. They may not actually have been ready to announce just yet though. They don't necessarily just want to say 'hey everyone we hit brine' and leave it at that. They want to get some more depth and give something more meaningful.
2. They were ready but lab results from hole 1 are due any day, so why let the company trade again for 5 minutes before needing to call a trading halt? Easier to go into suspension.
I already explained this but since you obviously missed it....
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Mkt cap ! $60.50M | |||
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 39996 | 12.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 1977137 | 8 |
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