Post by
Stockycreed on Feb 24, 2018 5:41pm
The Halt
I’ve been privy to a couple of stock halts before. The more memorable being the merger of western lithium and lithium Americas. That halt was not more than several hours, but pretty big news. My hunch is this is a major market mover, (although I really have no idea), but based on my limited experience I’ve never seen a halt last longer than a few hours. A simple company or ticker name change really shouldn’t halt the stock, especially all day. Unless they decided to halt based on Thursday’s news with SJC, weird though because news will typically follow the halt, of the other way around...good luck all!
Comment by
alphatrades on Feb 26, 2018 9:40am
Based on the facebook comment of Paul Ferguson, I figure that GLK will only resume tradding mid-week, a huge NR must be in the works for such a long tradding halt to happen. GLTA
Comment by
Stockycreed on Feb 26, 2018 10:21am
I sure hope it’s good news. Multi day halt is new for me. We know there’s a ton of graphite out there, but value added for battery markets is where cheddar is...they’ve been working hard in the qualifying piece of it which is the most essential...good luck!
Comment by
Floridas2000 on Feb 26, 2018 10:51am
Thanks for the update. I will check back on Friday. Halts are made for corporate changes but also to prevent who might have inside information to leverage it before the rest of the market does. Usually never happes cleanly - someone always takes advantage - but they try their best. For a long halt like this then GLK believes the news must be material.
Comment by
TripleEm on Feb 26, 2018 11:03pm
A definitive agreement will be signed by both parties upon completion of a 10 day due diligence period and will be subject to approval by shareholders and the TSX Venture Read more at https://www.stockhouse.com/news/press-releases/2018/02/22/great-lakes-graphite-signs-term-sheet-and-partners-with-saint-jean-carbon-to#e5kKojAsr2qMC1xG.99