If the management of TNC are providing selective information to some shareholders and not the entire market they are indeed in breach of listing Rule 3.1 = Continuous disclosure.
see:
http://www.complispace.com.au/Assets/48/1/gn08_continuous_disclosure.pdf
as well as
http://www.asx.com.au/ListingRules/chapters/Chapter3.pdf
Cheers,
Tangrams
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