This Appendix 4C quarterly report is something new for TGSA: The ASX requires Appendix 4C quarterly reports from the following companies:
Investment companies, mining exploration companies and oil exploration companies.
If a company has substantially changed the nature and scale of its activities.
Any company that The ASX directs must submit Apppendix 4C.
The first two have rules that determine when the requirement ceases. The third situation has its period of compliance set out in the ASX request document. My guess is that the ASX asked TGA to submit Apppendix 4C for a period defined in the request, and that breach of a banking covenant may have been the reason.
TGA Price at posting:
88.0¢ Sentiment: Hold Disclosure: Held