Fascinating discussion. all the theories being speculated. any right wing conspiracy ones?
Thanks Chatgpt
On the ASX (Australian Securities Exchange), being approached for a joint venture (JV) does not automatically require an announcement to the market.
However, continuous disclosure obligations under ASX Listing Rule 3.1 apply.
This means:An announcement is required if:
The approach is likely to have a material effect on the price or value of the company’s securities.
The company has determined (or should reasonably determine) that a JV proposal is market-sensitive.
Negotiations have reached a point where the information is no longer confidential, or confidentiality cannot be maintained.
No announcement is required if:
The approach is preliminary, non-binding, or confidential.
There is no certainty that a transaction will proceed or it is not material to the company.
Best practice:
Companies often monitor the stage and seriousness of the JV proposal and may seek legal or ASX guidance before disclosing.Would you like a template for a potential ASX announcement if disclosure were required?
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