LTR 8.28% 78.5¢ liontown resources limited

ASX Today, page-40403

  1. 2,360 Posts.
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    Interesting point about “management”.

    IMO Good management is based around integrity which is founded on continuous disclosure principles:

    Under Listing Rule 3.1, an entity must disclose all information concerning it that it becomes aware of from any source and of any character, if a reasonable person would expect the information to have a material effect on the price or value of its securities.

    In a similar but hypothetical situation. If official notification was presented to investors that a 25% expansion decision of a plant under construction was yet to be made and that decision was contingent on funding being secured & commodity price recovery at a later date;

    If at the time that statement was made management had knowingly: begun or continued construction of any part of the expanded plant, not obtained suitable funding mechanisms and continued construction with disregard for commodity prices - they have misled investors and put those investors capital at risk.

    All hypothetical of course.

    DYOR IMO



 
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