Thor Moning, which is duel-listed on AIM and the Australia Securities Exchange (ASX), has halted trading on the ASX in response to market speculation about the Spring Hill Gold drilling results, which the firm believes will have 'limited share price sensitivity'.
Trading will re-start on Monday (September 17th) when the results are released.
The results are in relation to the preliminary assays from drilling at the Spring Hill Gold Project in Australia's Northern Territory. A number of assays have been received from some of the holes drilled, however the complete set and the necessary interpretation is not yet available.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The share price on AIM rose 12.5% to 1.12p by 09:05.
NR
-
Sachin Dev Duggal's Builder.ai – the first big AI bustSachin Dev Duggal's Builder.ai start-up claimed it could use artificial intelligence to build apps. Its revenues turned out to be equally artificial
-
How Trump's dog deals will damage global trade with the USOpinion Some commentators are hailing Trump’s trading savvy. Are they right?
