There is nothing stopping Australians buying PMET.tsx. Yes, eventually in time the arbitrage gap will close. Assuming the TSX will eventually catch up to the ASX, it makes sense to buy PMET.tsx and when parity arrives, switch to PMT.asx. Remember, we're not talking about a 5-10% disparity here. There is a circa 50% premium being paid on the ASX compared to the TSX. I don't think that retail fully understands the implications of PMT's home exchange being the TSX and the circumstances in which it is listed on the ASX. Blame has to go to the ASX for letting this happen.
Ann: Patriot Battery Metals Commences Trading on the ASX, page-237
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Last
45.5¢ |
Change
-0.045(9.00%) |
Mkt cap ! $283.4M | |||
| Open | High | Low | Value | Volume |
| 48.0¢ | 48.0¢ | 45.0¢ | $1.121M | 2.418M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 64492 | 45.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 46.0¢ | 29000 | 2 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| PMT (ASX) Chart |