Yeah, it's an interesting situation where you have a private company as operator, not beholden to the ASX listing and continuous disclosure rules but they are partnered with a minority partner who is.
Technically, Quasar/Heatgate can say whatever they like to whoever they like about B4M and ASIC can't do anything about it. It seems to me that there are ample opportunities for insiders to find out what's going on before details are relayed to Alliance and released to the stock exchange...
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