RE:RE:The Halt Update "
The trading halt will be lifted by the TSXV once certain conditions have been met under Section 5.6 of Policy 5.3, including the delivery to the Exchange of technical reports prepared in compliance with National Instrument 43-101 - Standards of Mineral Disclosure with respect to the material mineral properties to be acquired." They're buying producing properties whose metrics are known and established. Glencore does not trade on any Canadian Exchange so they are not subject to NI43-101 but as operators of these mines they will already have the necessary
"technical" data -
measured, indicated, inferred - that goes into a 43-101. They would have done their own internal version of something like a 43-101 to make their production decisions. They would have already shared this with SantaCruz during SC's Due Diligence, so putting together the needed 43-101's should be a matter of
"How fast can we put the data into a 43-101 template and file it on SEDAR?" and given the minimal need for any sort of "new" analysis, SC's Qualified Person ought to be able to put it together rather quickly. So it's really up to them, and I'm sure they understand the need for all possible expediency.
cobills wrote: ok Genius when does it open???