What it tells you Shady is there is nothing in the drill core to...

First 5 Last

Share
Profile

Follow
westaussie

1,840 Posts.

29

26/09/17

19:43

Post #: 27472953
Share

Originally posted by Shady Merv ↑

Thanks gutfeeling.

The company Policy is also important, as per here: https://www.aurisminerals.com.au/wp-content/uploads/Auris-Securities-Trading-Policy.pdf.

I have plucked out these parts:

# This Policy applies to RNI Directors, Key Management Personnel, officers, employees and consultants (“Staff”).

# In this Policy, "RNI securities" means shares, rights and options.

# While in possession of price sensitive information, Staff shall not:  trade in RNI securities...

# RNI's overriding policy is that Staff shall not be dealing in RNI securities in any period they are in possession of price sensitive information. Furthermore, there may be occasions when the RNI board imposes a suspension on the ability of Staff to trade at a time when trading might otherwise have been allowed.

#The following dealings are not subject to this policy: dealings under an offer or invitation made to all or most of the shareholders of RNI, such as a rights issue, a security purchase plan...; 

The query that I have is what is meant by 'trade' or 'trading'? Would the exercise of an option be considered a trade? Imo, 'no', but it is debatable. Anyway, if 'yes', would the last bullet point exception exclude it?

Anyway, there are 2 ways of looking at this, and both are good I reckon:

1. They know about the drilling position and were not put off (one way of putting it ) by it and were not prevented by ASX Rules or Company policy from exercising the options, and

2. They, like Manuel from Fawlty Towers or Sgt Schultz, had no inside knowledge about the drilling putting them in the same ignorant position as us outsiders - meaning that the news could still be excellent.

The underlying issue though is that the company cannot sit on price-sensitive info for any period at all, meaning that the drilling did/has not hit mineralisation that would affect the SP should it become public info.

Expand

What it tells you Shady is there is nothing in the drill core to report, so they can take up as many options as they like.

AUR Price at posting: 8.0¢ Sentiment: None Disclosure: Not Held
3 Upvote

0 Great analysis

Reply

Top Stories

DLM

Biome reaches intellectual property milestone in strain development program

Neurizon sets out to capture the market in neurodegenerative disease therapies

HAW

Yangibana 33% complete says Hastings, as it provides clarification on funding

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

GRL

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

There are more pages in this discussion • 15 more messages in this thread...

First 5 Last

Add AUR (ASX) to my watchlist

(20min delay)
Last 0.6¢		Change -0.001(14.3%)		Mkt cap ! $2.383M

Open	High	Low	Value	Volume
0.6¢	0.6¢	0.6¢	$14.54K	2.424M

Buyers (Bids)

No.	Vol.	Price($)
3	826354	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	772898	4

View Market Depth

No.	Vol.	Price($)
2	103729	0.030
1	218636	0.028
1	300000	0.024
2	200000	0.022
1	100000	0.020

Price($)	Vol.	No.
0.031	20000	1
0.034	194955	1
0.035	665000	1
0.036	58747	1
0.039	82835	1

Last trade - 13.02pm 14/11/2024 (20 minute delay)

AUR (ASX) Chart

What it tells you Shady is there is nothing in the drill core to...

Top Stories

Biome reaches intellectual property milestone in strain development program

Neurizon sets out to capture the market in neurodegenerative disease therapies

Yangibana 33% complete says Hastings, as it provides clarification on funding

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

Buyers (Bids)

Sellers (Offers)