AUZ australian mines limited

What really happened, page-5

  1. 141 Posts.
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    Interesting post. Shows an interest in the integrity of both the stock exchange and company integrity which is a broader issue than the recent (mis-(?)) management of the AUZ releases.

    I suspect that AUZ management and 99.9% of its shareholders just want to move on. Similarly, the ASX will not want too much scrutiny as they, also being profit driven, will not want to spend any time in navel gazing, particularly if this was just a stuff-up and clearly not some attempt to manipulate the market. No doubt lessons have been learned.

    If the issue we have experienced is not to be repeated, or at least mitigated, the AUZ/ASX actions need to be more transparent and subject to some form of review when something potentially wrong occurs. Maybe there does exist a reviewing body which could be notified when anything suspect can be identified. The discipline of having both ASX and company decisions open to review would presumably put more pressure on interested parties in the future. Maybe somebody knows if such a mechanism exists and how it is activated?
 
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