"If the answer to question 1 is "yes".
(a) Is IVZ relying on Listing Rule 3.1A not to announce that information under Listing Rule 3.1?
"Please note that the recent trading in IVZ's securities would suggest to ASX that such information may have ceased to be confidential and therefore IVZ may no longer be able to rely on Listing Rule 3.1A.
"Accordingly, if the answer to this question is "yes", you need to contact us (ASX) immediately to discuss the situation.
"(b) Can an announcement be made immediately? Please note, if the answer to this question is "no", you need to contact us immediately to discuss requesting a trading halt.
"(c) If an announcement cannot be made immediately, why not and when is it expected that an announcement will be made?
"If the answer to question 1 is "no", is there any other explanation that IVZ may have for the recent trading in its securities?"
Invictus shares jumped from 0,088 to 0,145 per share last Wednesday, promoting regulatory authorities to ask the exploration firm to indicate if it was aware of information driving the frenzied interest and spike in the price.
"Is IVZ (Invictus Zimbabwe) aware of any information concerning it that has not been announced to the market which, if known by some in the market, could explain the recent trading in its securities?", queried
Invictus professed ignorance over any information that may have driven market interest in its shares save for disclosures it has already made to regulators regarding ongoing discussions with the Government.
"No, however, the company in its recent
"The PEDPA provides the framework for progression of the
Invictus also said it was not aware of any other information that may have excited the market save for recent media reports in which Mines and Mining Development Minister of
"Yes, the agreement (PEDPA) is being finalised and it will be signed before the end of the month," the mines minister said.
It has been a big year so far for the Australian listed
Just three trading days before the ASX closed for 2020,
Invictus has since undertaken detailed traversing and mapping across the area, identifying the optimal acquisition routes. It stated it was planning to carry out more testing at the end of the rainy season (October to April).
The company has also announced its plans to begin drilling on the Cabora Bassa in October this year.
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