RE:RE:RE:RE:Press releases before AGM Tuscanybound is correct that LME has halted their stock once in the past and for a specific news release that they deemed substantial enough to warrant a1 hour delay in opening trading. Not a potential buyout Coles notes as follows
3.90 g/t Gold, 6.46 g/t Silver, 0.25 % Copper, 0.40 % Zinc over 70.65 m
High grade interval assayed 48.69 g/t Gold, 35.98 g/t Silver, 1.14 % Copper over 5.40 m , including 441 g/t Gold, 191 g/t Silver over 0.57 m
The new mineralized intersection in hole LME20-031, which is the most substantive outlined in the current program, is hosted in a N-trending extensional shear zone, in a comparable structure to the historic Sturgeon River and Brenbar mines.
This is a major new target zone that is completely open along strike and at depth,
This was when I bought my biggest Tranche but surprisingly it “only” popped it a couple of days from $0.19 to a high of $0.22 for a 15% but compared to today 2-3 cents move isn’t much to get excited about. My buy still looked brilliant in April and holds up today but I am surprised how we rarely get the share price results from an ever expanding target and great assays. But with little outside coverage the news isn't news to us who are holding long and expecting these results. Iguess.
If the Directors thought that required a halt then anything we have been hoping to be announced at the AGM should definitely be reason for a halt. "Odd trading" volume might get the exchange to halt but more likely they will ask the company if there is something going on. As they did in April 2021 as I recall.
Here is the number one reason a company halts trading
Why Trading Halts Occur
Trading halts can occur for several reasons, three of the most popular being:
1. News Is Released That Could Impact Stocks
Trading halts in individual securities commonly occur when a company is about to release significant news such as a merger or acquisition, regulatory developments affecting the company, or any unusually important negative or positive information that would affect the stock price. Trading is resumed after enough time has passed to disseminate the information so that all market participants have timely access to important company information.
VANCOUVER, BC , Jan. 19, 2021 /CNW/ - Trading resumes in:
Company: Laurion Mineral Exploration Inc.
TSX-Venture Symbol: LME
All Issues: Yes
Reason: At the Request of the Company Pending News
Halt Time (ET): 7:45 AM
Resumption (ET): 10:30 AM
T minus40 hours and counting
Cheers