Agree, the timings are all odd. As you probably know, PV1 as the author recommends market sensitivity tag and cross-release tag when uploading the draft to MAP (market announcements platform) for ASX review. ASX makes the final determination on those two tags but usually goes with the recommendation. If the announcement clearly involves or impacts another listed company then of course it’s cross-released.
The same applies for subsequent corrections or further announcements.
One presumes it was PV1’s duty to confirm during upload last week that the proposed cross-release occurs with the knowledge of the other affected listed company (PRL), but surely they (PRL) also have to do something to confirm assent before it goes out simultaneously to their shareholders too.
Is this where things went awry? Someone wasn’t checking in or someone wasn’t paying attention. I guess we will never officially know. What we do know tho is that this “clarification” isn’t really clear at all. But at the end of the day we’re talking about a pissy little study in the scheme of things. Much greater and more detailed assessments on mode of export will have to be made down the track anyhow.
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