1) They stay in o&g, with the sector strengthening and suspension becomes a moot point.
2) They go tech or some other sector but can't meet required disclosure obligations (it's not a given imo) in which case a suspension is a given. I've said before, happy to be in suspension with a Cygnet shell, as it should be worth it.
3) They have a project in mind in a different sector to o&g and feel they can meet additional disclosure obligations. In this case, perhaps you're right and they wait till the new rules apply.
I think you really just need to keep an open mind with scenarios, as there doesn't seem to be any hard and fast rules and more a case of the ASX's "feel" for each situation. e.g. we've seen GPP go from o&g to lithium, with no suspension.
IHS Price at posting:
3.0¢ Sentiment: Buy Disclosure: Held