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the asx has to be satisfied by HDY's response and if they are I...

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tsibis

760 Posts.

30

20/12/18

16:32

Post #: 36923188
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Originally posted by AAS: ↑

The latest 'Update on ASX Enquiry' specifically states:

ASX directs HDY to prepare and release to the market a statement (“Explanation”, acceptable to ASX, giving a detailed and candid account of the events surrounding the amendment of the acquisition agreements for Nelly Vanadium and Vanadium Mining, the Off-Market Transfers, the On-Market Disposals and the Additional Disposals, including the reasons why the parties involved engaged in those transactions and the financial benefits that the parties involved received as a result of those transactions.

It also then states:

If and when an acceptable Explanation has been provided to the market, ASX will consider what further remedial action will be required by HDY.

What makes you think HDY gets to directly respond to the ASX and not the market?

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the asx has to be satisfied by HDY's response and if they are I think then they will post it to the market with whatever remedial action will be required.

HDY Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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