AIM - small cap stocks20 Apr 2024 08:36
Hello all, a few days ago I was listening to the radio about the AIM index and how quite a few companies are delisting from that index. On this program, A CEO of a UK biotech firm was bemoaning valuations and how his company had reached important milestones yet the share price had hardly moved. This firm has delisted from AIM and is now listing in the US.
This concerns me for FAR. If FAR does reach important milestones: the feasibility study confirms what we expect, if the price of vanadium goes up, if the company starts to post good balance sheet figures, but yet the share price only goes to say 50p, then could we see a delisting? Vision Blue understands the Canadian market.
I know of course that FAR are not listed on AIM but they are listed on the main market so there should be more money there but big companies like ARM have dismissed the FTSE and headed to the US.
What are your thoughts on this?