rowscoe, I am just perusing the rules of Continuous Disclosure on the ASX.
http://www.asxgroup.com.au/media/PDFs/gn08_continuous_disclosure.pdf
Rule 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 of value of an entity's securities, the entity must immediately tell ASX that information."
I interpret that to mean that, for example, if there was no mineralisation of any consequence- or at all- for a mining company's assay results, it must be disclosed. They all must be disclosed. We've all seen shares fall off a cliff on poor results, but poor results are material, as are terrific results. Companies cannot pick and choose.
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