GNM 0.00% 1.0¢ great northern minerals limited

If they have completed was it 15 holes then their drillers and...

  1. 547 Posts.
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    If they have completed was it 15 holes then their drillers and their geologist will already have inspected the core and have a good idea of what they hit. The 2 labs in Townsville being ALS, SGS and Intertech are backed up but 2-3 weeks max turnaround. For a 50% extra charge they can analyse in 1 week and report on just the key intersections. The actual lab work takes 3 days.

    ASX continuous disclosure requires immediate release of material information. Material information is that which could move the share price by 10%. If it’s good or bad that would move it 10% easy. Everything a speccy does is a material event.

    Taking time to post on either Twitter or website means materiality so should be released to ASX instead or not at all.

    If you are a positive supporter who wants share price increases then you should want it on ASX not Twitter.

    All comms from an ASX company should always be via ASX platform else not a transparent market.

    Having drilled 15 holes and not updated market on what they have seen is OK but not if you are tweeting about it.
 
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