hotfire - talking to a director today in resources Co and it came to a point where i said why are you listed and he said he wished they wern,t and that at the moment most of their raising is through contacts etc etc and not brokers etc so why be listed was the conclusion.
It could well be that this resources recession may have the effect of many good projects heading off into private equity and for good reason - no ASX fees which are substantial especially in mergers etc needing to have all the asx boxes ticked using lawyers etcetc, no shorters, no alogorithmic trading of shares, access to capital is there - the sharemarket thinks it the only way to raise it - but no it isnt and the longer these issues rasied above keep re occurring the more likely the people with the real projects and the real motivation to succeed will move away from listing. bad news for any traders but probably bloody good news for project developers!!!!!
AWE Price at posting:
41.0¢ Sentiment: Hold Disclosure: Held
