It was pointed out on Investor Village that CIVC, as a publicly listed company, has a limited time to report any material changes. This brought to the surface a little niggle I have, so I thought I would see what people here think.

Don't SPE as operators have some control over the release of information? And, as they are as yet a private company, the same controls don't affect them. CIVC can only report what they know, and we assume in speculating about their reasons for giving out news or not, that they have been kept fully informed by SPE.

In addition, SPE are involved in the deal with Union Gold - who have not as yet reported the outcome of their AGM in which the merger was voted upon. Wouldn't a 'yes' by Union Gold's shareholders at the AGM have been a material change, and shouldn't that have been reported by Union Gold, who are a listed company? Or does the fact that the shares are halted include a suspension of the reporting regulations until they start trading again? And how long is Union Gold allowed to remain halted?

I realise that the companies involved would want to ensure they have a solid and enduring basis for any news they release - especially after past disappointments for BOD and shareholders alike. However, at the back of my mind I can't get rid of the niggle that background wheelings and dealings are exerting their own pressure on the timing of news releases.

Regards
Dunnock