"ASIC warns mining companies to disclose any moves into technology businesses
The corporate watchdog has warned Perth mining companies seeking to transform themselves into technology businesses to fully disclose their intentions to the market and shareholders.
The Australian Securities and Investment Commission (ASIC) has identified emerging trends, mainly among small and mid-sized mining and exploration companies, which it said were similar to problems during the dot-com boom of the early 2000s when firms rushed to cash in on the new technology market."
