here you go fellas, a lesson on current mining practices served...

here you go fellas, a lesson on current mining practices served up as a "price sensitive" ASX:ANN .
after censure AG / LIT is at it again, ( shows you what most think of the supposed controlling body.)

pertinent text from the ASX:ANN 03/08/21 re Ramping announcements

Lithium Australia NL (‘LIT’): Query Letter
ASX refers to the following:
A. LIT’s announcement titled “LIT fortifies IP protection for its battery recycling” lodged on the ASX Market
Announcements Platform (‘MAP’) on 3 August 2021 (the ‘Announcement’), which disclosed that a
provisional patent application had been lodged in relation to technology developed by a subsidiary of LIT
(the ‘Information’).
LIT lodged the Announcement as market-sensitive when submitted to ASX Online.
B. Listing Rule 3.1, which requires a listed entity to immediately give ASX any information concerning it that
a reasonable person would expect to have a material effect on the price or value of the entity’s securities.
C. Section 7.10 of Guidance Note 8, which outlines ASX’s view on “ramping” announcements and provides
(relevantly):
“Ramping announcements come in many forms, including:
 the release of a “business update” or something similar, which will typically be worded in an
exuberant fashion but which on closer examination contains little in the way of substance that has
not already been disclosed to the market;” …
 “an announcement that has no substance but seeks to ride on the back of strong market sentiment
in a particular sector;” …
“Whenever ASX detects what it suspects to be a ramping announcement, it will give careful consideration
to suspending the entity’s securities from trading and issuing a query letter to the entity asking the entity:
 if it marked the announcement as market sensitive when it was lodged on MAP, to identify what
information in the announcement the entity considered was market sensitive and why;
 if it marked the announcement as not being market sensitive when it was lodged on MAP, to explain
its purpose in lodging the announcement on MAP, given its evident view that the information was
not market sensitive and therefore not required to be disclosed under Listing Rule 3.1; …”


if this is not ramping I rest my case