Nothing ever dies on the ASX. It's a joke of an exchange and the only ones that suffer are Australian shareholders.
They don't seem to have any rules for remaining listed. I could be wrong of, so if anyone knows please let me know. The Dow Jones, NASDAQ, Toronto, etc. all have rules that allow them to delist companies that don't have a minimum level of income for a certain period. The ASX seems to allow companies to languish for as long as they want. A good example is NUW. Why are they allowed to be listed still?
Ann: Appendix 3B , page-5
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$3.85 |
Change
0.080(2.12%) |
Mkt cap ! $2.529B | |||
| Open | High | Low | Value | Volume |
| $3.80 | $3.88 | $3.80 | $3.037M | 790.9K |
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| No. | Vol. | Price($) |
|---|---|---|
| 22 | 12838 | $3.84 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.85 | 8875 | 17 |
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