Hi stringfellow, let's hope the delay from the MNS expected date...

Hi stringfellow, let's hope the delay from the MNS expected date (it was the earlier of an announcement or today's open) is not a case of the announcement not meeting minimum requirements for reporting on the ASX in regards to MOU's and term sheets

"
ASX has recently warned listed companies that they cannot expect to keep secret the names of counterparties to material transactions disclosed to ASX.

ASX’s view is that, generally speaking, the name of a counterparty to a transaction is materially price sensitive. This includes a counterparty under a non-binding MOU or term sheet that is announced to ASX.

This means that a company cannot partially rely on the exceptions to continuous disclosure for discrete information if it announces an MOU to ASX. If the company chooses to disclose, then it must be prepared to disclose every term or run the risk of having its securities suspended from quotation."

https://www.cowellclarke.com.au/new...-announcing-a-memorandum-of-understanding-mou


All the best, let's hope for a nice clear, precise announcement, even if it is a bit later than expected for some reason.