Member Info for kevin0541

No liquidity in Australia so daily they drop the price and we follow suit. More liquidity here and people sell based on belief it must be bad news if it hasn’t sky rocketed in Oz. Those sold shares get bought and moved to OZ. Only issue is that there are still way too few sellers here and at some point, likely the next RNS, there will have to be a spike up to encourage bigger selling. Bring on the quarterlies due very soon 🙂

Exactly my point. Before they weren’t allowed to buy on AIM because it wasn’t an ASX listed stock. Now they can buy there’s no volume there so they buy in UK

It’s my understanding that Oz institutions who must buy but couldn’t before the ASX listing, can now buy via AIM and have them transferred over to AsX. That may be why the volume is still here

Climbing towards the close

ASX will use the London Stock Exchange price as their opening price. I also believe that Australian institutions who want shares can now buy them via AIM and have them transferred- potentially reflecting the big purchases recently.

Islandgirl you are spot on and no there is no limit to the transfer. I previously held a Swedish mining stock where most went from AIM to Sweden.

London Stock Exchange (the oracle) also saying 350

Hey Naopthman I suggest you check your maths. If people only got 20% of their requested allocation then it is 500% oversubscribed - not 80%. Big difference!!!! 😁

You won’t get them until next week as they are priced post consolidation

You pay the Oz price ie 15.78p

Look at this way. The more we in the UK can push the price up this week, the more the Aussies will have to pay next week. GDXJ alone could do that for us if they act now. Either way there is pent up demand in Oz and many funds can’t buy through AIM and will be obliged to pay the then price on Monday next

Correct! You pay whatever they paid

Scheme is effective Friday 20th so will trade at £ on Monday 23rd. However from Tuesday next week we will know the IPO price in AUD/£ so it won’t be a penny stock anymore

Monday is last chance to buy here in pence and presumably if there is strong demand in Oz the institutions who want shares will have to bid over the 17p here. I expect the UK offer to be undersubscribed or at least weak as there were better prices (hopefully) directly purchasing. Hopefully it’s a FOMO Friday

Longridge the ASX page doesn’t need to mention illustrative as they determine the price for the UK. The price they bid for shares sets the price for UK so no illustration required!

Thanks MF11. They won’t make the same mistake as first time trying to buy in one go and pushing the price up 7p to 27p, so hopefully some steady big buys over next two weeks

And MF do you know the next official rebalance date?

You are forgetting that price of oil has dropped conditions quarter so even at same production rates the FCF should be much higher a major input cost has dropped

Don’t forget the price of oil has dropped consisting this quarter too and that will reduce operating costs and increase profit margins

Costa were you asked to make an offer price for a fixed amount of shares?