Wouldn't surprise me. The Canadian government have previously blocked Chinese stakes in critical minerals companies.
This may be why Sigma came out a month or so ago and said they are listing the business on the Singapore stock exchange (which people assumed was to make the tax treatment for a potential takeover better than it otherwise would have been).
But perhaps it also has something to do with the Canadian government not wanting Chinese governments buying 'Canadian assets'.
You then run into the obvious question of 'what is a Canadian asset'. Just because Sigma is listed on the Toronoto Exchange doesn't really mean much, it's just the listing. The assets obviously physically exist in Brazil.
This from 2022:
https://www.reuters.com/markets/commodities/canada-orders-three-foreign-firms-divest-investments-critical-minerals-2022-11-02/
LRS General Discussion, page-16693
-
-
- There are more pages in this discussion • 2,280 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LRS (ASX) to my watchlist
|
|||||
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $559.8M |
Open | High | Low | Value | Volume |
20.0¢ | 20.5¢ | 19.3¢ | $5.462M | 27.56M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 202667 | 20.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
20.5¢ | 6654078 | 37 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 202667 | 0.200 |
12 | 3385231 | 0.195 |
31 | 3423676 | 0.190 |
21 | 1946132 | 0.185 |
21 | 3662793 | 0.180 |
Price($) | Vol. | No. |
---|---|---|
0.205 | 6654078 | 37 |
0.210 | 5686203 | 27 |
0.215 | 1985404 | 10 |
0.220 | 2312481 | 24 |
0.225 | 1863202 | 8 |
Last trade - 16.10pm 23/08/2024 (20 minute delay) ? |
Featured News
LRS (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online