Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Someone really needs to explain to me why the termination of a hugely important Joint Venture shouldn’t be considered as price sensitive information, deserving of immediate release to the whole market. This afternoon, Goldstone Resources (GRL) blithely dropped a bombshell of an RNS on its shareholders, telling them that yesterday Randgold Resources (RRS) terminated their Senegalese JV. Not today. Not this morning, before the market opened. Not during the first three and a half hours of trading. Yesterday. Do the rules really mean nothing on AIM?!
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