Agreed.
I cant find anything in the ASX Listing Rules regarding Trading Halts which gives the ASX control over when announcements are made.
That is entirely up to the company. Trading Halts are only permitted for a maximum of two days, although in exceptional circumstances back to back halts may be granted.
Expecting investors to read process and evaluate a complex 78 page document in 10 minutes is just not possible.
It may be my suspicious mind, but I think somebody knew that on the face of it, the DFS was "bad news".
Immediately on re opening there were some massive dumps, probably to reinforce that "Sell The News" BS myth, but it had the desired effect of starting the avalanche. Stop losses and panic do the rest.
General comments/chat, page-32569
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