Yeah, people on the site know what's going on and of course Management knows the impact upon the company, yet keep it quite as long as possible and in essence thumbing their nose at shareholders and the regulators.
Why does ASIC and ASX who have the rules and regulations to forbid the type of management non dislosure that all to often results in massive losses to share holders. Many wonder why mineral exploration and mining investment is a dirty word in Australia.
Just as the Royal Commission into Banks acheived results. A Royal Commission into both ASIC and ASX who appear to willingly allow those who don't abide by their regulations a free reign at robbing investors. Because clearly the regulatory authorities are failing in their duties to share market investors.
DCN Price at posting:
61.0¢ Sentiment: None Disclosure: Held
