if it was bad news on Lake Frome, I doubt highly that the company would have requested a trading halt...
it won't be related to drilling results on Snake Well, although it could possibly relate to the purchase of a mining facility at the site to commence production...
Jabiru is out of the picture, as they announced a placement this afternoon, so we are left with:
1. Heathgate news (drill results, or takeover offer)
2. Snake Well production (mining operation acquisition)
3. Capital return
Wish I could be of more help, but haven't been able to sniff out anything on this one....
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held