GRE greentech metals limited

Ann: Significant Gold Whundo Copper Project Retraction Statement, page-5

  1. 5,429 Posts.
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    The revision of the second dot point on Page 2 and the rewriting of the paragraph at the bottom of page 2 is basically the ASX saying that you just can't conjure up resources out of thin air because the price of gold has increased a lot in 2024, you need to provide some evidence if you are going to suggest some sort of Insitu valuation, the original announcement had no reasonable basis for that peculiar valuation.

    Looks like they also got pinged for failing to disclose the category of the resources in Table 1 (ie Inferred or Indicated resources not specified in the original release).

    Generally, companies try not to make it possible for readers to easily work out what's different between the original ASX release and the revised or retracted ASX release. This is sometimes because the revision/retraction is rather embarrassing and raises some awkward questions about why the original wording was like that, and why it had to be revised, and if the amendment/retraction was voluntary or done after a phone call from the ASX......
    Last edited by eastwest101: 05/06/25
 
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