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Originally posted by MoneyBags1348:
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mbat it seems that you never take a rest from these threads, even on a Sunday. Your assumption that I made up LNG saying that construction will begin by 2018 is incorrect. But to actually be more correct, what I should have said was:th March 2017 was: “Construction on the Magnolia facility is expected to begin later this year ”Where a listed entity is found to have not had a reasonable basis for such statements, then it will usually be held to have misled the market and be liable under section 769C of the Corporations Act. Forward-looking statements will trigger an obligation under listing rule 3.1 when the entity knows sufficient information to reasonably indicate that a material prior statement will not eventuate as predicted .
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"Where a listed entity is found to have not had a reasonable basis for such statements, then it will usually be held to have misled the market and be liable under section 769C of the Corporations Act." Any update on your ASIC complaint? Or was it found to have no basis?
