At the meeting in Sydney the investor relations manager and Dirk both backed the new less is best communications strategy. THey wanted all the comms to be put through the PR firm and investor relations to ensure all the correct words were used. The 'feeling' was that some comms had been released a bit to quickly previously without proper vetting.
Now my Opinion.
There is nothing wrong with a disciplined comms strategy, many coys have them, you get mandatory documents and about a month before the 4C, Mid year/end of Year you get a guidance update.....that's about it...(excepting material news)....that's what you are getting now.
This comm in Aus would be an guidance update and would be recommitting to the previous sales guidance and break even point and predicting they were going to beat it. It fact it did do that.
As for NASDAQ, I get the impression that NASDAQ ADR will free them from something/someone in Aus who have been restraining the SP. Once an ADR on the NASDAQ it gets harder to restrain a good coy as if there is demand in the US (which there appears to be) then that demand has to be satisfied from stock on the ASX....lifting the price there as well.
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