SRL 11.3% 47.0¢ sunrise energy metals limited

Re: CLQ chart, page-300

  1. 1,220 Posts.
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    I am not 100% sure that there is a direct correlate between the ASX and overseas OTC and TSX when it comes to price. The exchange rate between currencies would not give an indicative open price on the ASX if the TSX Gaps up. Although the ASX is likely to move it may not they may be independent.

    My reading from Montgomery here in relation to BHP on London and NYSE exchanges vs ASX may explain this process for some.

    https://rogermontgomery.com/guest-post-whats-the-real-bhp-share-price/

    That being said for those inclined to want to DYOR here is some futher reading on dual listings in particular, ASX, TSX and OTCX.

    http://citadelmagnus.com/going-global-the-benefits-and-challenges-of-dual-listings/

    http://www.bakermckenzie.com/-/medi...ichard/australia_reportduallistings.pdf?la=en

    Hope this helps a bit.. so you don't go down the rabbit hole with the bots manipulating one Exchange for another and why is the correlator of one Exchange when you account currency conversion not being reflected on ASX on open ETC etc etc

    Yadda Yadda .. GLTAH and all =)
 
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