LNY 0.00% 0.6¢ laneway resources ltd

All of this talk about "maybe news from NZ drilling caused the...

  1. 7,025 Posts.
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    All of this talk about "maybe news from NZ drilling caused the spike" is troubling for several reasons:

    1) You are suggesting that material, insider information has leaked;

    2) You are suggesting that trading has been conducted by an information insider;

    3) It is a criminal offence to trade while in receipt of material, insider information not publicly available to the market; and,

    4) Therefore, even the premise that it would be a "good thing" if the spike was caused by drilling results is completely flawed. It would be a terrible thing and a sign that there are untrustworthy and unlawful things occurring within the company.

    Let's hope it was just a foolhardy trader without the awareness to carry out analysis before jumping on in.
 
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