the company is required to keep the market informed about material items that could affect the share price.
aside from that there is a range of compulsory statements required of companies to keep the market informed, such as the half yearly report we saw issued Thursday, annual report, etc.
these statements serve to provide holders and the market with information as to company performance, but they give a company the opportunity to spruik developments.
as you can see from the limited number of statements issued by EGL, the company isn't taking many opportunities to talk its own book to ASX. Perhaps there aren't many opportunities to take, given it's a junior company ekeing out an existence in a sector that doesn't attract huge attention.
so when an opportunity arises to make a contribution to news about PFAS, which often attracts some media, why hide this update alongside a pretty decent half yearly, which i think would attract greater attention.
@longreach is on point with his comments. Ditto @GortonGums. A modestly-sized company like EGL should take every opportunity to promote itself, if for no other reason these don't come along every day.
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3 | 56835 | 0.330 |
1 | 100000 | 0.325 |
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2 | 7926 | 0.315 |
Price($) | Vol. | No. |
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0.340 | 56561 | 4 |
0.345 | 80000 | 2 |
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