We need a fingers crossed emoji.The delay indicates its obviously NOT a run of the mill working capital raise. These are simple. BRN could have just made a 5 minute call and filled out a form to get working capital from LDA.
Has to be more to it. Likely positive i hope.
Wait and see.
They can be back trading anytime today or not!!I thought without an annoncement they had to open trade this morning.
'Duration of the trading halt – BRN expects the trading halt will be in place until the earlier of the time at which BRN makes an announcement in relation to a capital raise, or the commencement of trading on Thursday, 25 July 2024. '
We need a fingers crossed emoji.
We need a fingers crossed emoji.
Not quite..They can be back trading anytime today or not!!
An announcement has to be made today...(1) end of trading Halt (2) Extension of TH (3) Voluntary suspension
OK thanks DBNot quite..
"Note: ASX Operating Rule 16.4. 2 says that a trading halt can be applied for a period not exceeding the commencement of normal trading on the second trading day following the day on which it is requested"
We are currently in contravention of ASX rules, as far as I can tell.
This is actually good news, someone has come in,
IMO .... all this can only imply that there will be no IP agreements nor any revenue stream for some time to come.I don't know what I feel more. Anger or disappointment.
The whole last AGM now feels like a dog and pony show which I feel victim to.
Yup. And the $3 million SPP is a scrap which is meant to appease existing shareholdersI don't know what I feel more. Anger or disappointment.
The whole last AGM now feels like a dog and pony show which I feel victim to.
yep but the good news is someone took up 20mil, even though we only get to take up 3mil. someone has come in from outside, how do we get to find out who it was?Yup. And the $3 million SPP is a scrap which is meant to appease existing shareholders![]()