I know ASX rules are by and large irrelevant to trading on the ASX, but this from ASX guidance note 8 does seem relevant ...
======================================
Where, however, a media or analyst report or market rumour appears to contain or to be based on credible market sensitive information (whether that information is accurate or not) and:
~there is a material change in the market price or traded volumes of the entity’s securities which appears to be referrable to the report/rumour (in the sense that it is not readily explicable by any other event or circumstance); or
~ if the market is not trading at the time but the report/rumour is of a character that when the market does start trading, it is likely to have a material effect on the market price or traded volumes of the entity’s securities,166
ASX considers that the listed entity has a responsibility to the market to respond to the report in a timely manner.
If the entity does not do so voluntarily, ASX will consider exercising its power under Listing Rule 3.1B to require it
to do so.
===============================================
The company got the mandatory speeding ticket last week for volume and price, ... it will be interesting if thie recent media reports seed another "Do you know anything "
- Forums
- ASX - By Stock
- DML
- to disclose or not disclose... that is the ??
to disclose or not disclose... that is the ??
-
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add DML (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online