The lack of missives from MRM management is, itself, information. Have a look at the ASX Continuous Disclosure rules that state... "Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities, the entity must immediately tell ASX that information. " ...so... the fact that they haven't disclosed means that there has not been a relevant event; e.g. substantial change to profit outcomes etc.
I suspect that they are:
1. regularly receiving relevant legal advice on their position in respect of this ASX listing rule
2. very careful on what the relevant "officers" know and when they know it
3. sailing "very close to the wind" in respect of their adherence to this rule
see http://www.asx.com.au/documents/about/abridged-continuous-disclosure-guide-clean-copy.pdf
What does it mean?
How can share price go down continuously without Manipulation?, page-4
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$2.58 |
Change
0.020(0.78%) |
Mkt cap ! $977.8M | |||
| Open | High | Low | Value | Volume |
| $2.56 | $2.59 | $2.54 | $37.20M | 14.51M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1350703 | $2.58 |
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| Price($) | Vol. | No. |
|---|---|---|
| $2.60 | 67518 | 1 |
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