RE: RE: Toe-in30 Sep 2020 10:12
Mads,
It’s a point that comes under constant discussion and I am not sure yet what is correct.
I hold shares in another company and this is a source of constant bickering on the boards when you look at defining ‘significant’......
First drill hole completed and ‘duster’.........significant?
Second hole completed and core looks mineralised.....significant yet?
Third hole the same but no gold...yet?
Fourth hole...0.9 gpt over 20 m....yet
Fifth to Twentieth....mainly mineralised same grades at 0.9 to 1.2 over x metres
21st hole 50 m at 6.2 gpt....yet?
Company sharing data with potential JV partner....yet?
You get the picture.
My understanding from what I have read is that so long as kept ‘inside’ then no need to release immediacy otherwise companies actively exploring could be required to release RNS to market on an almost hourly or daily basis. It seems to me that significant results need to be published through the prescribed means (RNS) before being released in any other fashion so significant info could have been sat on for weeks.
That’s why companies like Rio and Newcrest release price sensitive info at regular intervals only.
My confusion over the rules, however, can be exemplified by news that arrived yesterday in Australia. A company in the Pilbara (SVD) has been carry out aero magnetic surveys looking for massive sulphides and results show no clear evidence. They released this news as significant and sp has fallen 48 per cent. I agree fully with you here that they had no choice but to release.
I therefore remain confused.
UR