LNGLF vs LNGLY, page-7

LNGLY are American depositary receipts (ADR's) for LNG.ASX. Owning an LNGLY ADR gives you thee right of exchange for 4 LNG.ASX shares. Think of them as a bank or govt cheque. A bank or govt check isn't cash but it gives you the right of exchange for cash. There is no real financial difference between holding LNGLY vs LNG.ASX, it's more a matter of convenience for people on different sides of the globe. LNG.ASX and LNGLY should generally stay within the 4:1 plus exchange rate range. If they don't then there is an incentive in terms of arbitrage to buy one and convert it into the other to sell at a profit, which would then bring them back into line. As for a link, I don't have one but you can search and read about ADR's. The ASX has the equivalent in reverse, which are called CDR's (Chess depository receipts).