Originally posted by newbie thomas
My original reply's format seemed corrupted so I have asked for it to be removed. Hopefully this is a clearer answer:
As I recall the original halt was for 7 days, then suspended for 9 days or so and then extended for another 10 days.
We do not know the factors at play for the extension but common sense would strongly indicate that the requirement for another 10 day extension would have been well known by the BOD throughout Friday 4th (and most likely a day or so before), this did not suddenly become apparent at around 4-5 pm Perth time on the 4th.
IMO given that the extension would have been clearly required earlier on it would have been better to have announced it sooner, you obviously disagree and that's your prerogative.
Cheers
Newbie Thomas
I'm as anxious as anyone to hear the announcement !
I'm intrigued why 'Newbie Thomas' is soooooo concerned about the length of this TH ...considering he's a non holder.
I know MC ,Mark Turner, Bob Vassie via other companies (St. Barbara Mines) etc......
Rest assured IMO they are very experienced operators with Mining companies . & certainly more experienced (than us) with ASX Trading Halt rules.
Anyway, Its 'common sense to me ......' this is a complicated offtake negotiation for future sales.
Whether Burwill is in or out with new players for our expected extra production. all will be revealed shortly.
'Price sensitive ?? ...you betcha.... this effects profit !.
For all we know MC & Mark Turner are back & forth over Xmas to China trying to sort out a deal . Chinese play 'hard ball' ...so time is on their side. any new party need to test A40 Spod. results ... for low mica low iron etc they want their own people to lab. test this coz every producer says "we have top quality product"..! even ORE until recently.
Yes, its been frustrating waiting for this news... however, soon all the figures to analyze..maybe monday ?
FYI 10 days off to Esperance (fishing trip) via Bald Hill....waiting for permission from Head Office ...for quickie site visit .