Treasurer Josh Frydenberg moves to permanently water down ASX continuous disclosure rules
Posted
WedWednesday 17
updated
ThuThursday 18
Federal Treasurer Josh Frydenberg was quizzed about the changes at a Parliament House press conference.
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Much of the news you see reported in the financial press comes from company announcements to the stock exchange.
Key points:
The government will move legislation to permanently relax disclosure obligations on ASX-listed companies and their directors
Experts say the changes will make it harder to run shareholder class actions and may lead to an increase in insider trading
Labor says it will try and convince Senate cross-benchers to join it in opposing the change
Arctic Glacier Issues Default Status Report Pursuant to National Policy 12-203
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Notice of Default Update
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
(Reported intercepts are not true widths as there is currently insufficient data to calculate true orientation in space. Prices used to calculate Ag Eq grades are as follows: Zn= $1.16/lb, Pb=$0.92/lb, Ag=$20/Oz)
PEA UPDATE
The PEA will be based on the resource published on September 28, 2020, in addition to further expected additions. Consulting Engineers from MineTech LLC have been engaged to deliver the PEA, which will be conducted in accordance with National Instrument 43-101 (“NI 43-01”). The focus will be upon the study of mining operations conducted above the current water level (Level 11). This will include a systematic study of existing infrastructure, capital cost estimates, operating cost estimates, metallurgy, resource modeling, mine design and scheduling, ventilation, haulage, and marketing. The key areas of trade-off study will include: 1) Truck haulage from Russell Tunnel vs rail haulage from Kellogg Tunnel; 2) Toll-milling vs construction of various in-house pro