This article provides a case analysis of ASIC v Padbury Mining Limited [2016] FCA 990 regarding directors duties and violations of s. 180(1) of Corporation Act 2001 (Cth). The article discusses the facts of the case, the contravened directors duties, court decision analysis, future implications, and penalties imposed by the court. The article emphasizes the importance of directors being careful while dealing with company announcements and holding back by s. 180(1).