TA - charts, price action, page-504

Well theoretically that's right. However you could drive The Titanic on wheels through most of the laws and regulatory operation on the ASX. And companies do all the time.

Not saying REE/KCC are doing this but let's for Eg drill results come back but it's not strategically sound to release them that day. Well firstly they need to be presented to the ASX. That means they have to be read, interpreted, compiled, read over for careful edit, put past legals to make sure that they aren't breaching anything, run by the competent person for clarity, sent to the board for approval (just to make sure) - I reckon we could that last at least a few days. Then another once over for a careful read by the CEO and finally given back to the person who's submitting these things to send to the ASX - tomorrow. But oh, that's bad luck, submitting person happened to be off sick and no one realised until the next day that it hadn't been sent off. Oops, sorry ASX.

And what can the ASX do about it? Absolutely nothing except send a useless ticket. They're useless and only capable of reacting, in pretty slow hind view.

in this case KCC is not even under regulation by the ASX, so, if they wanted to, they can spin it out as long as they get away with on the TSX (which is way more lax than the ASX) and REE gets to say "not my fault, KCC are handling this, what are you going to do about it??"