tighten your belts , page-29

angry,

although it will probably be ignored or the ASX will take on the role of good old Sergeant Schultz (if the hat fits wear it) but I have sent in my complaint with the firm belief this is a bona-fide case of inside trading. Both ASX and ASIC will not be able to do a thing about it but as a shareholder I have to let them know that I have a voice even though it may fall on deaf ears.

Any other shareholders smelling a rat should also lodge their concerns even if it just gives them a bit of work to do. Just don't expect a sensible answer.

Body of complaint (cut and paste if you wish).....

14/06/2011
Approximately one (1) hour prior to a trading halt announcement released at 15:37, major selling of shares occurred on market.
There was no reason for this selling to have occurred other than inside knowledge of the news expected to be released as a result of the trading halt request.

The timing of the news announcements released was out of order.
The request for a trading halt was released at 15:42 which is after the announced trading halt at 15:37.

At 19:17 the announcement titled DMN ? M12 Drilling Completed was released after market hours.
DMN remained in trading halt overnight.

15/06/2011
At 12:39 a Market Control message ? ?Notice Received?
At 12:41 a Market Headline message - ?Resumes: 13:00? with a repeat of the Trading Halt headline: ?M12 Drilling Completed.?
At 12:42 a Market Headline message ? ?Resumes:13:00? followed by ?Trading Halt Lifted?

The 20 minute delay before trading recommenced contained no other messages.
It is plainly obvious by the amount of shares sold into the lead up of the original announcement that the news was already known by some.

Why didn?t the ASX question the volume of trading prior to the announcement?
Can the ASX identify the holders of those shares traded and any potential relationship between those holders and the company?
Why was no news listed on the DMN code in relation to the lifting of the Trading Halt?
Why didn?t the ASX examine the massive shift in market depth prior to any news release?
Why did DMN enter Pre-Nr prior to the Trading Halt being lifted without any announcement, price sensitive or otherwise?

This activity has all the ear marks associated with inside trading as a result of news leaks and I look forward to your response.

Please advise if this complaint should also be sent to ASIC.



Cheers all