from BMR There is more news coming from Seafield. Sometimes you have to be careful what you ask for. Seafield had a nice drill result and figured they would build some excitement in the story over the long weekend with a trading halt, followed by news Friday afternoon (two separate releases) and with trading resuming Tuesday. Things didn’t quite work out that way, however. I don’t believe the halt was necessary, especially in the current market environment. My sources tell me the Exchange started asking some questions and found out there was other important news imminent, hence the stock remains halted. So this was handled rather sloppily by Seafield. What that news is, can’t say for sure——my best guess is it could be related to a major financing of some sort. Nothing wrong with the news they put out last Friday. How long this will continue to be halted for – anyone’s guess…….probably not much longer.
Comment by Jon - BMR — February 20, 2013