Maybe to impress Mr Charles Fischer, new substantial investor and to bring on additional new substantial investors from the US oblivious to their chequered past.
Its nothing more than a piece of paper to get anyone to sign a non obligatory teaming agreement". Why not announce when there is something more tangible - ditto with all the recent announcements and more likely more to come.
"The company is not currently in a position, and may be prohibited under the terms of any potential subsequent orders, to announce specific business which may result from this agreement
Long time called for ASX to consider introduce specific detailed and comprehensive guidelines on disclosures e.g to restrict to those that may be deemed to be material or sufficiently close to becoming material.
Understand that microcap holders depend on news for price action but these sorts of news can lead to misguided beliefs on probable / successful outcomes for investors.
GSW Price at posting:
65.5¢ Sentiment: Sell Disclosure: Not Held