As the quotes on the ASX and the NDQ draw closer together ie ASX = 67c & NDQ = 92c (equivalent) then I think you are correct, the ball will begin rolling.
IMO what we have is a market maker wanting the market to come to its Share Price Sell Target ATM I may be wrong but they would have bought on the ASX and added a profit margin = currently sell price?
When some news flows the ASX will rise ( 92c) and meet the current NASDAQ sell price unless it is adjusted north. This is going to be a very fluid situation and as time moves forward I am sure we will all get a better understanding.
BTW my share price target was in the low 80's during the next week or so. It will get blown out of the water with any major news. MAYBE the Market Makers currently, are also putting a base valuation on IHL with their current SELL price??
