GOR 2.05% $1.74 gold road resources limited

Ann: Gruyere Production Update, page-53

  1. 2,035 Posts.
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    if your Melbourne manufacturing plant example has factored in the 3 week shutdown into its forecasts and previous announcements then it obviously wouldn't need to announce when the shutdowns actually occur..

    same as GOR not having to announce the planned maintenance.. its the unplanned part and effect it has on the full-year forecast and costs that is the issue.. GOR itself tagged the update announcement as market sensitive, but chose to release it AFTER the issue had been resolved... seems a fairly clear cut issue and it'll be interesting to see their response if they get an ASX Aware query..

    usual process would have been to enter into a trading halt or suspension, noting the unexpected outage, and request resumption of shares once the impact on full-year is determine. this is all on the basis that GOR has released forward looking cost forecasts - which the market must then be kept fully informed of under continuous disclosure.. its not optional disclosure or when we feel like it disclosure
 
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