You're right Winged warrior , it wouldn't comply with the...

You're right Winged warrior , it wouldn't comply with the continuous disclosure regime and Listing Rule (LR) 3.1 makes it pretty clear you have to inform all price sensitive information to the ASX and you actually raise the prospects of running foul of ASIC and the ASX by using Twitter to throw out select information. The principle of the rule is that all investors have equal access in a timely manner to all materially price sensitive information .

Note, a lot of attention is made of Elon Musk's regular use of tweets to inform investors about Tesla but in assessing whether that practice is relevant for an Australian listed entity , one needs to realize the regulatory regime is significantly different here. The US doesn't have a system of continuous disclosure like we have under Listing Rule 3.1 but they have much more onerous periodic reporting requirements ie quarterly versus 6 month for Australia.

So we need the continuous disclosure regime here to effectively augment our less frequent periodic reporting but equally that regime comes with its own legal risks and requires a lot of care and attention on market participants that has to go into vigilantly keeping the market updated with anything that is price sensitive and you need to ensure nobody has preferential access. Twitter or any social media is simply not the appropriate mode to keep investors updated and simultaneously ensure you comply with LR 3.1.