The great ASX balls up, page-66

First 66 Last

Share
Profile

Follow
Empty Nose

3,866 Posts.

491

25/02/18

12:03

Post #: 31323349
Share

Originally posted by naomhan ↑

I've gotta say, I couldn't disagree with you more.

The ASX aren't in the practice of holding up announcements. They only do it if there's a problem. Also, another poster suggested that the ASX are public servants. They're not. They're regulators. Big difference.

Here we have a company who just got scolded by the ASX due to a stupid mistake (giving an interview prior to an announcement hitting the ASX. Mitigated by the suspension, sure, but still stupid and unprofessional). We have a CEO doing Corporate Secretarial work, and they openly admitted that they're in the middle of trying to source someone who actually knows how to do that and trying to formulate a basic corporate governance framework (see the Response to ASX Query point 4). This is after they needed to voluntarily suspend in order to make the announcement, because they couldn't sort it out in 2 days. It was about 4 days AUZ's fault, 1 day ASX.

So we have a regulator who aren't in the habit of holding up announcements unnecessarily, and a company who have admitted to having poor corporate governance. An announcement was held up and put through additional checks. Who would you blame? The idea that the ASX should apologise or "has it in" for AUZ is really something. I don't know what was in the announcement that was objectionable, but my bet is that it wasn't specific enough (and still isn't), or that they went too far and pushed news of grand plans without any actual substance, over and above the SK deal.

And I'm not downramping. I'm a holder. I think we're sitting on a good resource, and have a good future, and it looks like we have some reasonable people with talent on the mining side - and that's great. We just don't have anyone who knows how to work this darn sharemarket thingy.

Expand

The asx is government (public servants)
the asx is a regulator (helping you)
25m ppl in aus and 7b worldwide are just guessing every day
it is amazing, just like that goal booted from 50 metres mate!
that's why the politicians doctors directors love self regulation
i wanna watch footy, you regulate yourself

AUZ Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

SDF

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

GL1

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

FRB

Firebird snaffles Environmental Permit for Jinshi plant

DUR

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

FBR

FBR's robotic home construction tech passes first US early-stage structural compliance check

There are more pages in this discussion • 80 more messages in this thread...

First 66 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $9.789M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.7¢	$10.82K	1.545M

Buyers (Bids)

No.	Vol.	Price($)
25	41561112	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	351234	2

View Market Depth

No.	Vol.	Price($)
25	41561112	0.006
16	31877865	0.005
10	6504750	0.004
5	3260000	0.003
4	4200000	0.002

Price($)	Vol.	No.
0.007	351234	2
0.008	3491530	18
0.009	4428467	15
0.010	4465582	23
0.011	1646752	9

Last trade - 13.05pm 10/09/2024 (20 minute delay)

AUZ (ASX) Chart

The great ASX balls up, page-66

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

Firebird snaffles Environmental Permit for Jinshi plant

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

FBR's robotic home construction tech passes first US early-stage structural compliance check

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

The great ASX balls up, page-66

Top Stories

Steadfast Group sees $600M wiped off on resumed trades after Four Corners feature

Global Lithium latest hit by lithium downturn; shares fall -10% as Manna DFS paused

Firebird snaffles Environmental Permit for Jinshi plant

Duratec snags $76.5M in works from Woodside and Defence respectively - including spy network upgrade

FBR's robotic home construction tech passes first US early-stage structural compliance check

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News