Chart, page-5028

>>The ASX doesn’t like an announcement to be made for non-material contract wins.

that is correct.. in fact there are penalties for that (" ASX will not hesitate to suspend the entity, query it and require it to correct any inadequate or misleading disclosures. It will also refer the entity to ASIC for consideration of regulatory action'")
+

Updates to Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B

Changes include:

• Additional guidance in section 4.15 on ASX’s disclosure expectations for material contracts.

• Expanding the guidance in section 5.10 to address the new insolvent trading safe harbour for directors in s588GA of the Corporations Act 2001 (Cth) and what should be disclosed when an entity in financial difficulties requests a voluntary suspension to complete a transaction necessary for its survival.

• Removing a reference in section 4.20 to disclosing the impact of material contracts on revenue, costs or profits.

• Clarification of the material in the worked example of the operation of listing rule 3.1 relating to mineral discovery (Changes to Example D of Annexure A).

In light of recent disclosure issues, the ASX highlights the new passage in section 4.15 of the guidance note regarding the need to provide sufficiently detailed information for investors: 'Wherever possible, an announcement under Listing Rule 3.1 should contain sufficient detail for investors or their professional advisers to understand its ramifications and to assess its impact on the price or value of the entity’s securities'
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So, let's wait for the FR. The "material contract" bar for ZNO is now quite high so I dont expect seeing any ANNs soon.
I'll be looking for metrics that differentiate penny stocks from the big boys: that is EPS growth guidance, FCF Conversion ratio, EV/EBITDA and NPAT growth guidance.
Chart (technical, IMO): support at $1.5