Had a dig around the website - There are about 137 million shares on issue - and about 25million held by top 4/5 shareholders, so these would effectively be off the market. The 137 million shares will be available for buy/selling on AIM and ASX. The AIM settlement process is -
"To settle securities to be traded on AIM, the Company will apply for depositary interests, representing the ordinary shares of the Company, to be admitted to CREST with effect from Admission. Accordingly, settlement of transactions in the depositary interests following Admission will take place within the CREST system. CREST is a voluntary system and those shareholders who wish to have their shares held outside CREST will have their details recorded on the Company?s share register maintained in Australia. Settlement on the Australian Securities Exchange will continue to be conducted under the Australian Securities Exchange?s electronic CHESS system. " So effectively CHEST and CREST...Should push the sp up as there will/should be more people wanting to buy the same number of shares. This will probably start to creep up in anticiaption in the next couple of weeks - ie CHESS/ASX buyers buying in anticipation of greater demand after AIM listing - which is what everyone on the thread has been saying for ages...
RMP Price at posting:
33.5¢ Sentiment: Hold Disclosure: Held
