Either way poor handling by the SFG Board and it eludes to where the source of trading arises from before the Trading Halt. A fineable offense? I agree probably not by might get a bloody nose for sloppy work.
As for the "deal" I like it for three reasons: (1) it is Japanese and not Chinese; (2) it seems to provide a market channel for the SFG products which needed beefing up to say the least and; (3) it is equity participation in an Australian listed business rather than outright ownership that their geographic contemporaries seem to prefer.
Legune Station is still an overhang that needs addressing still and that is $60m give or take ~4% and the current injection of funds indicated in the article doesn't get it even half way there plus they are nigh on out of working capital.
So plenty of work for the Board to do still.
By the way the books will get flushed before it returns to trading so you cant read too much into any order queues at this point. The article claims they are getting 14.99% of the adjusted company for $AUD25m so how that manifests itself will be interesting.
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Either way poor handling by the SFG Board and it eludes to where...
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