In an announcement to the ASX on 7 March 2022, the Executive...

In an announcement to the ASX on 7 March 2022, the Executive Chairman of PPK Robin Levison stated: "BNNTTL is currently in discussions with a number of potential industry partners for the supply of BNNT."

What are PPK's obligations regarding continuous disclosure to the ASX and its shareholders in relation to this statement?

It seems the following are possible:

. Such negotiations are continuing, although almost 7 months have lapsed since PPK made this statement to the ASX. If such negotiations indeed are continuing, and there are bona fide buyers on the open market of BNNT, what are the reasons for the failure of PPK to hitherto bring the negotiations to a successful conclusion?
. Some or all of such negations have ceased without commercial agreement being reached. If so, is not PPK obliged to report this to the ASX?
. One or more of such negotiations have been concluded on satisfactory commercial terms, yet PPK has not disclosed this. This seems improbable, although theoretically possible, because if this was the case then surely PPK would report this to the ASX.

Because of the import of the original assertion and potential material share price implications, PPK should properly discharge its fiduciary obligations and provide a further update to the ASX about these "discussions".