AIM market is one of the few that you can list on without the need for an equity issue Oberte.
Its an interesting market as all you need are a NOMAD sponsor/s and what they call market makers or two brokers that can create a market for the stock.
Its not overly cheap as you need around 300-400K to keep the NOMAD on board.
The other interesting characteristic of the AIM market is that the buyers tend to be institutional in nature rather than your smaller investors.Buyers tend to KNOW a fair bit more about what the company is doing.
Given Continental has already raised significant amounts of cash via equity in the UK and the only reports,bar one,have been UK in origin, its certainly on the cards that there wont be an issue on the listing seeing quite a bit of CCC is already in UK hands.
Given the ASX CCC price is obviously being manipulated around what CCC did the majority of the Mashala raising I think its logical to assume much of the current buying is destined for the AIM market.
The other piece of circumstantial evidence is that at least one other OKAP company in Range Resources has followed this corporate model and much of its stock now resides in the UK.
BUT ultimately Continental still has to hold to its project plans and deliver, AIM listing or none.
Apparently they are also intending on an OTCC listing which will pull more CCC stock O/S.
One wonders just how much CCC stock will eventually still be held here espc after the touted consolidation which is supposed to take place around the same time as the AIM listing.
d.
CCC Price at posting:
62.0¢ Sentiment: Hold Disclosure: Held
