I know ASX rules are by and large irrelevant to trading on the ASX, but this from ASX guidance note 8 does seem relevant ...
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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.
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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 "
I know ASX rules are by and large irrelevant to trading on the...
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