TERREX RESOURCES LIMITED 2000-01-05 ASX-SIGNAL-G
HOMEX - Perth
RESPONSE TO ASX QUERY
In response to your enquiry letter dated 5 January 2000 I advise as
1. There are no matters of importance concerning the Company about to
be announced to the market or security holders.
2. The Company is not aware of any information which, had it been
available to the market, might reasonably be regarded as an
explanation for recent trading in the securities of the Company.
3. The Company is unable to offer any other explanation for the
increase in the price of its securities.
4. It is confirmed that the Company is in compliance with the Listing
Rules and, in particular, Listing Rule 3.1.
Australian Stock Exchange Limited ("ASX") has noted a change in the
price of your securities from 5.3 cents on 30 December 1999 to a high
of 7 cents today.
We regard timely disclosure of relevant information as of prime
importance in the operation of an efficient market. Listing rule 3.1
is a particularly important listing rule. It is part of ASX`s
continuous disclosure regime and is based on the following
`Timely disclosure must be made of information which may affect
security values or influence investment decisions, and information in
which security holders, investors and ASX have a legitimate
In the absence of any information which explains the price change
referred to above, we wish to make the following enquiries:
1. Are any matters of importance concerning the Company about to be
announced to security holders and/or the market? If so, can an
announcement be made immediately?
2. Is the Company aware of any information concerning it which, had
it been available to the market, might reasonably be regarded as an
explanation for recent trading in the securities of the Company?
3. Is the Company able to offer any other explanation for the price
change in the securities of the Company?
4. Can the Company confirm to ASX that it is in compliance with the
listing rules and, in particular, listing rule 3.1?
The queries set out above cover matters of current specific interest
to us. However, we cannot be aware of all the information which would
be required to ensure that the market is properly informed in
accordance with listing rule 3.1. Accordingly, we would emphasise
that your responsibility under that listing rule is not confined to,
or necessarily satisfied by, answering the specific requests set out
in this letter.
If the information requested is information required to be released
pursuant to listing rule 3.1 your obligation is to disclose the
information immediately. Otherwise, your co-operation in lodging a
reply in a format suitable for release to the market is required as
soon as possible and, in any event, not later than 4.30pm WST on
5 January 2000. Your response should be sent directly to me on
facsimile number (08) 9221 2020. It should not be sent to the Company
If you are unable to respond by that time you may wish to request a
trading halt in the Company`s securities. As set out in listing rule
17.1 and the "Trading Halts" Guidance Note we may grant a trading
halt at your request. We may require the request to be in writing. We
are not required to act on your request. You must tell us each of the
* The reasons for the trading halt.
* How long you want the trading halt to last.
* The event you expect to happen that will end the trading halt.
* That you are not aware of any reason why the trading halt should
not be granted.
* Any other information necessary to inform the market about the
trading halt, or that we ask for.
The trading halt cannot extend past the commencement of normal
trading on the second business day following the day on which it was
requested. If a trading halt is requested and granted and you are
still unable to reply to this enquiry prior to the commencement of
trading, suspension from quotation would normally be imposed by us
from the commencement of trading if not previously requested by you.
If you have any queries regarding any of the above, please do not
hesitate to contact me.
LISTINGS OFFICER - PERTH