I smell something here, having rode the rollercoaster a few times on a number of shares (PNA, LYC, GDN) I know that an official suspension from trading on the ASX is either usually very very bad or very very good for the share price when it is lifted and begins trading again. I’ve yet to see a share resume with a mild trading day, maybe OZL is the exception however that suspension lasted months and the details or theories on the suspension were trawled over a billion times.
So, as one of my few remaining investments I wait. My gut feeling says that this company who have had a very chequered past have finally got it right this time and that this could be some very good news especially if the proposed capital raising is not a blatant cash grab for current holders or their institutional mates but rather brings on board a significant international investor that will give this company the breathing room to really develop and plan long term. Who knows…
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