reporting price sensitive information is a grey area of the asx...

reporting price sensitive information is a grey area of the asx and poorly regulated imo. until there is something definitive i.e supported by a binding document then it is just hearsay. the same goes with drill results. one drill hole doesn't make a deposit but market speculation can often put pressure on the company to release results prematurely. until the company has all the data they really shouldn't release the info to the market. so imo it is sometimes better for a company to get all the data, then make an assessment of it and release that assessment and the data to the market. the down side to this is that it allows time for insider trading (whether it is based on complete knowledge or not). so it really is up to the MD in what he thinks is material and when it should be released and hence why it is such an unregulated grey area of the ASX. compounding the problem is that directors are allowed to own shares in the very companies they are managing. conflict of interest ? never !