So if there was spod in the drill holes, would the company have had to announce it already?....ie as a discovery ?...
The Continuous Disclosure Clause for the ASX states..:
"Would a reasonable person expect the information to have a material impact on the price or value of the entity's securities?"
The only reason why they wouldn't announce it would be "The information concerns matters of supposition or is insufficiently definite to warrant disclosure"
But surely it is easy to identify spod and if the market new there was spod, or even the drill teams saw it, the share price would've climbed and not be going down ?.
