hi Bob, I would think thjat the reserves upgrade is INDEPENDENT of the Scheme. whilst the IER and ESG might want to include the reserves figures in the IER, those reserves upgrade must be released to the market, irrespective of what happens with the Scheme. ESG has a legal obligation to keep the market informed wrt material information.
again, its the timing that seems to be the issue. the only way I can see ESG staying out of trouble in this regard, is to release the reserves upgrade info simultaneously to the IER and the market.
The IER can then apply his skills utilising that new info.
cheers
ESG Price at posting:
84.7¢ Sentiment: None Disclosure: Held