You may well be right BeeJaye re finding something but not feeling obliged to report it, but not for the reason you propose. If what has been found (IF) is 'material'/price-sensitive info then it has to be reported asap. It can't be with-held for any reason unless within the exception list. No exception would apply here I'm sure.
I now am of the firm view that the placement to JPM UK was to ensure available funds to carry this programme of drilling through to its end and beyond for a reasonable period. There was no guarantee that AUROA funds would be plentiful (hope for it though), so play safe and take the money. JPM UK would know what it's all about too!
You may well be right BeeJaye re finding something but not...
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