RE: 10 weeks1 May 2026 10:20
@Punter1234 While your assessment regarding the complexities of long-lead items and plant optimisation is grounded in industrial reality, the threshold for a RNS filing is dictated strictly by the "Materiality" and "Continuous Disclosure" rules of the exchange. Under these frameworks, a company is not obliged to report every granular operational hurdle, such as the specific logistics of leasing tube trailers or routine maintenance, provided these do not fundamentally alter the timelines or production targets already communicated to the market. Disclosure only becomes a legal imperative when a situation be it a procurement delay or a technical bottleneck during the "slow fill" phase constitutes price-sensitive information that a reasonable investor would use to determine the company's value.
If the issues described were to result in a significant deviation from previously issued guidance which it does, the company would be required to update the market without delay. For instance, if the inability to secure storage units or a prolonged plant shutdown for safety upgrades were to materially postpone the date of first revenue or significantly reduce projected output, an RNS would be mandatory to prevent the creation of a false market. Furthermore, while the company does not need to respond to every piece of "deramping," the NOMAD (Nominated Adviser) would intervene to mandate a release if such activity led to a demonstrable loss of an orderly market or if a specific rumour required a formal correction to maintain transparency.
Consider your post read and corrected.