Monument Mining Ltd V.MMY

Trading Halt - ODY

[romara]

Here is the official notice:

Odyssey Gold Limited(ASX:ODY)–
 

Trading Halt

Description

The securities of Odyssey Gold Limited

(‘ODY’)

will be

placed in trading halt at the request of ODY, pending itreleasing an announcement.

Unless ASX decides otherwise,the securities will remain in trading halt

   until theearlier of the commencement of normal trading on

Wednesday, 6 December 2023, or when the announcement

is released to the market.
 

Issued by

Nicola Mullen

Adviser, Listings Compliance

[SilverNS]

Amazing Volume today 

[mmyactivist]

we need active large buyers, to work through tens of millions of shares bought/sold before share price has any chance to jump much higher. All this overhead resistance / supply, people sitting in losses for many years, now selling at any first price increase.

[nozzpack]

ODY is still halted . If a buyout, the delay may be due to having to get the agreement of MMY but that is pure speculation on my behalf.

[deiwel]

https://hotcopper.com.au/threads/ann-trading-halt.7739344/ lock page 2

[nozzpack]

Thank you C for that link. It will be a major equity raise by ODY. That would not happen had they not have had foreknowledge of the remaining assays for the Highway zone. We will wait to see the full NR but an accelerated development of Turnakura could be the major rationale SEEKS TRADING HALT PENDING AN ANNOUNCEMENT REGARDING A PROPOSED CAPITAL RAISING

[romara]

From my Nov 18th post Post by romara on Nov 18, 2023 11:17am ODY.... Needs Cash To Proceed Ody has approx. 800 million shares outstanding at a share price of approx. .024AUD The question is where are they going to get the cash to further drill and develop their properties ? You would have to issue too many "new shares" to further drill and develop the property, they almost have to

[SilverNS]

If MMY wanted to take them out and is persuing this - would they not also have to issue a Halt????/