Stef has referenced Montauk before in valuations and benefits of moving to Nasdaq
Interesting how Montauk moved from JSE to Nasdaq. (And still remained on JSE)
The Montauk example could be an option for Renergen.
Trading share price on ASX and JSE is not relevant as Montauk moved on valuation.
see link to understand my above statement
https://www.sharenet.co.za/v3/sens_display.php?tdate=20201116174500&seq=80
Montauk was trading on JSE at +-R71.50 at the time and moved over to Nasdaq at USD $8.50 with an exchange rate at the time of R15 to $1 USD
Montauk traded @ R155 within one month of the announcement to +- match the new listing price before conversion on a 1:1 basis
https://www.jonesday.com/en/practices/experience/2021/01/montauk-renewables-completes-ipo-and-dual-listing-in-united-states-and-south-africa
Just some ideas
If we do a deal with Solgroup for the Tetra4 sale, it would be a basis for valuation of the assets as Spidermonkey stated a couple of posts back
If we move at this valuation ? not sure what the calculation would be
See below chart for last 3 month of Montauk trading before delisting - inward listing on JSE in January 2021
DYOR
Stefano answers community questions, page-58
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Last
80.0¢ |
Change
0.005(0.63%) |
Mkt cap ! $24.26M | |||
| Open | High | Low | Value | Volume |
| 80.0¢ | 80.0¢ | 80.0¢ | $29.73K | 37.17K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 13733 | 79.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 19540 | 2 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| RLT (ASX) Chart |