RE:RE:Trading I heard that NR could come as eraly as this afternoon or could take a few days. Scotia said the company needs time to digest the information it received and that the news is likely positive.
My GUESS is that the company has received a proposal from the gov't of Peru to settle the Santa Ana dispute. They may need some time to analyze the proposal, run it by their financial advisors and get the Board to approve it, reject it or go back for more negotiations. This is only MY GUESS but I think it makes sense. If it was a takeover or a financing there would be no need to ask for a trading halt and then wait days before a NR.