The expectation many posters have on here of management is over the top. Their responsibility is to meet ASX requirements and act in the best interests of the shareholders. This does not mean constant communication on every little change in the general state of play.
The market is a wild beast and companies must be careful in their release of information in order to protect shareholders interests. Some posters in here would have, for example, constant updates on rate of recovery. Now how would that work if it was 50' yesterday and 10' feet today?? Can you imagine what it would do to the market price?
Next there'll be requests for information on how often directors go to the toilet since that might be an indicator of how much pressure they are under with the well. : )
By the way companies can make private placements without notification to shareholders up to certain percentages of the market cap per year. Providing the terms are ultimately beneficial to shareholders, this is how it should be.
Generally I find that if a trader needs constant reassurance for announcements they are probably overexposed and should lighten their position. Certainly I have been there before.
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
