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clock Created with Sketch. 09/06/23
09:30
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Originally posted by hkhf:
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There is not much to sell off (in ASX) imo we were at much higher sp even before this massive US$750m funding/loan approval. Don't know much about the mechanism if any/existing (that is to be able to transfer RLT/REN shares between two Exchanges ASX/JSE), and if not viable, then based on current Renergen capital structure, i.e. some 29.1m RLT shares only in ASX and some 110.5m REN shares in JSE, without the cheap options effect/pressure (still waiting for an official Notice regarding the lapse/expiry of the remaining 2.28m options either @80c or @96c, as really don't like any possible behind-door deal to extend those options after the 05/06/2023 expiry date, hope someone who were in regular contact with Stef can confirm this with him that these 2.28m not-converted options are truly gone!), then i would say RLT should take the lead from now on when in move due to much less shares available in ASX as well as i believe most late comers their average price are probably higher than recent lows so why sell when big mile stones are met (unless someone in top5 wants to exit even after big milestones are met? those short term/day traders probably are also negligible as not much to gain due to small daily volume)? Of coz end of financial year tax-loss sell-off a different story and will be short-lived (unless there are big changes in macro). Aimho only.
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Pretty sure you can (and people do) move shares between the JSE and ASX. Over the past 3 years any advantage one to the other hasnt lasted long and normally correlated to an increase in shares traded.
