this is definitely not ideal. DTR’s value prop is significantly weakened when it’s largely barred from the wider US market. Positive news to date has been absorbed and sold down or gone sideways on the ASX, allowing MMs to pick up cheap stock and dump it on the OTC at low prices to US traders. We are constantly trading at a discount to the OTC USD price as there isn't enough OTC demand/participation to net out the arbitrage
wirhout broader access to the US retail base, this cycle just keeps repeating itself. It doesn’t matter how strong the announcements or results are , as long as DTR is confined to the very narrow segment of OTC traders, its potential will be bottlenecked, true value will struggle to be realised.
Positive news on the ASX will follow the typical pattern, strong open, immediate heavy profit taking to a flat or minor increase. Repeat ad nauseum.
I still see potential here but DTR is already wildly overvalued in the eyes of ASX traders (as many people here with sell sentiment claim), and without being carried by the US trade, can't possibly see how traditional ASX trade mentality is suddenly going to reverse.
Been trying to get hold of IR for a week and they still haven't gotten back to me
bring on the down votes and downramping claims blah blah.
(20min delay)