Timely DisclosureTimely disclosure is defined by the exchange as any material event that can be expected to change the share price.
Monument has been remiss by a country mile on its timely disclosure.
Further, they have a habit of deferring by disclosing material events mostly in the quarterly reports where they are often buried in the back pages or within a much larger context in which significance can easily be bypassed by shareholders.
Lets take the start of construction of the Floatation Plant.
Its was stated to have begun by late August.
If construction did begin on time, a NR issued to that effect would have affected the share price in a positive way.
Likewise, if it did not start on time, that would also have affected the share price in a negative way.
In both cases, a NR should have been issued.
Going forward but not ignoring recent retrospection, we should make note and report any violations of timely disclosure ..