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littlened if that was the case then the SP would not be down here, we all know what they are obliged to do and what they are not,It's about calming the market whether it's malicious rumours or speculation,this is AIM and you saying "If they don't it means all is well" just doesn't create stability, in fact silence after negativity or malicious rumours has a snowball effect which we have seen here,clarity is needed which is what was given this morning IMO
But where do you stop ? These are daily things and it would easily get out of hand and misinterpreted leading to more and more suspicion.BOD only need to comment on market sensitive matters within the company,by law.If they don't it means all is well
“..... but rumours and inaccuracies need to be dealt with straight away “
More like malicious scaremongering:)
Well said
I would suggest that losing over 50% of the share price in under a year is far more important to shareholders/investors and writing an RNS to stop the rot giving confidence back to the market should of been done sooner rather than later....yes they are running the company but rumours and inaccuracies need to be dealt with straight away
Because they are busy running the company !! An RNS is a time consuming ultra legal document which takes a lot of people and time to concoct.
JoeB - Too right, Dude!
Because it's better than doing a mate's rates placing.
How can the management team of a O&G company with seemingly good operating results watch its SP fall from 60p to 20p without commenting in support of the share?