There are some rank amateur bullshit artists on this thread.
Auditor - yes the ASX can reverse trades, and they occasionally do. They are very nearly only ever reversed before settlement. But I have received a surprise check in the mail on one occasion where there was a revision of trades after settlement in options I was holding. In this case with QBL, they definitely will not be reversing the trades.
The market is never fully informed. The degree to which market perception matches reality is a sliding scale that would be impossible to regulate and compensate. The best way to achieve balanced reporting by explorers and miners is to make the competent person accountable for the content. If just one geologist were to be stripped of their AusIMM accreditation if found incompetent, then the effect would be greater technical validity versus propaganda from the word-smiths in the boardrooms. Some geologists wouldn't like it much, others would, and there might be more bun fights behind the scenes. But it would make for a fairer market.
QBL Price at posting:
5.9¢ Sentiment: None Disclosure: Not Held
