Consider shareholders in an oil exploration company that is...

Consider shareholders in an oil exploration company that is drilling a well. That company provides progress reports all the way down the hole, including at times comments ("supplementary") such as "line problems","shows", "hydrocarbons detected" "approaching final depth".
Those shareholders are being kept fully informed without anything that the ASX would consider "material" and it's been going on since the year dot.
Why then, can't LNY be more explicit in "communicating" with its shareholders when they are involved in a protracted arrangement? Now, I'm definitely not asking for details of the negotiations, but, surely it is not unreasonable to at least be told who are involved in the negotiations from both sides, what process is being used i.e. using independent, paid professional, representatives and whether any obstacles are delaying progress. Meanwhile, it is also not unreasonable to say that while no information is being provided on such a vital factor, we do not have an informed market and as such people are now just guessing and very likely resulting in significant financial losses.
It is just as fair to ask the ASX to ensure that not only does "material" information affect and cause spikes in the SP, the lack of "material" information can very equally cause heavy and unnecessary losses. In other words the ASX is not providing an equal playing field for all participants and LNY is assisting with that problem.