RE: Fantastic feb or magnificent March?14 Jan 2022 18:14
Chris. I think this should go some way to answering your question.
"Listing Rules. The key Listing Rules affecting business updates are in the box "Key UK Listing Rule obligations". In summary, issuers must notify without delay major new developments that may affect their business if the development may lead to a substantial share price movement. Issuers must also notify without delay information concerning a change in financial condition, performance or expectation of performance if the change would be likely to lead to a substantial share price movement.
There are exclusions from these notification requirements relating to impending developments and matters in the course of negotiation, such as acquisitions or disposals. There is also a power for the UKLA to grant a dispensation from these requirements where the disclosure to the public of information might prejudice the company's legitimate interests (see "Practical examples" below)"
As I recently alluded to, I think we either have some bad drilling/assay news to come or there is some secret negotiation going on, possibly with AA. I'm hoping it's the latter as if the former, then non disclosure would surely fall foul of the rules,