AUL 0.00% 28.5¢ austar gold limited

I Have seen these voluntary suspensions drag on for months...

  1. 683 Posts.
    I Have seen these voluntary suspensions drag on for months before. There's no guarantee that this will be trading again next week. I'm very cynical about the timing of this trading halt/suspension. It just coincidently happened just as they were going to have to face shareholders who were going to be asking tough questions. Let's bung on a trading halt pending a big announcement regarding funding!! If they have inked a deal with a backer, why is it still suspended??? Alternatively if a deal is still being negotiated then it may still fall over. Regardless, if you were a big investor with deep pockets, and you know mnm are negotiating from a position of weakness( limited cash) you would certainly be able to drive a hard bargain. They will most certainly get a large discount to market price meaning more dilution.
    Last edited by Chainsaw1: 28/11/15
 
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