Well I would expect mgmt to advise the market once/if they sign a Aura IQ contract
Listing rule 3.1 states that they are obliged to disclose market sensitive information if:
- a transaction will lead to a significant change in the nature or scale of the entity's activities
- the entry into a material transaction
Even if the contract is not material (I believe that probably falls between 5-10%), AURA IQ should fall within that 1st condition above.
So worse case we should hear before end of June......frankly they should advise whether they have signed or not before end of June given they have been quite adamant that it will be done this quarter. Add to that they now threw out the potential for a 2nd mine, mgmt should understand that they have built up some significant expectation.
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