RE: RE: re.. re.. re.. halt I think the answer is quite simple. First of all we have two companies privy to any lab results here. Not just one. Which theoretically could mean there is twice the potential of having a news leak before a proper NR has been drafted up by the junior partner in this case. Majors don't really disclose drill results as a rule unless they have to. The major partner here may also be like many large operations with many hands and eyes handling information on it's way along the chain. The request came from RMC and not the exchange. But the exchange is more aggressive about requesting info from companies if their share price moves 10% on the TSX anyway. Can't confirm if they are as diligent on the TSXV where a junior can easily move 30% in a day.
It's likely RMC had no choice because they may not have had a chance to prepare and properly check and sign off on a NR before the volume and price started to increase Friday. The fact it was halted all day Friday sort of reinforces this view in my mind. Of course it could be something totally out of the blue as well.
I have no position in RMC. I am watching, and will be happy to buy in if the step outs are good. I will also be happy I did not if they are bad. But if they are good with their present market cap, I can see it possibly reaching 300 million on good news. GQC just did so on speculation around a series of shorter step outs. 300M / 43,337,164 = $6.92. There would be lots of room to get into RMC on good news with such a valuation gap as that as that. Unless it gaps wildly of course. Which I don't see happening.
TNSTAAFL