Good on you Cudeco. But, just putting results in the QR is just...

Good on you Cudeco. But, just putting results in the QR is just not good enough either.

1. Introduction This Guide is published to assist listed entities and their officers to understand and comply with their disclosure obligations under Listing Rules 3.1 and 3.1A.
These rules provide: 3.1 Once an entity is or becomes aware of any information concerning it that a reasonable person would expect to have a material effect on the price or value of the entity’s securities, the entity must immediately tell ASX that information.
3.1A Listing rule 3.1 does not apply to particular information while each of the following requirements is satisfied in relation to the information:
3.1A.1 One or more of the following 5 situations applies:  It would be a breach of a law to disclose the information;  The information concerns an incomplete proposal or negotiation;  The information comprises matters of supposition or is insufficiently definite to warrant disclosure;  The information is generated for the internal management purposes of the entity; or  The information is a trade secret;

For management NOT to be in breach of Section 3.1, it can only mean that they have no results.
ANY results MUST be released to the ASX immediately as either way, good or bad, it would have a material effect on the SP.
Same with the TO Agreement. They could be relying on Section 3.1A.1 re "incomplete proposal or negotiation".

Am waiting to see how they address both material items in the QR.