I have a lot of friends who have holdings in ABR and there seems little interest in any of them initially transferring any of their holdings onto the NASDAQ , so who is going to put up shares to trade there? Anyone here on HotCopper? Im thinking that other than our current and former Directors and advisers not much stock is going to be available to trade on the NASDAQ. I would imagine that the USA broker appointed is going to have to buy stock in Australia prior to the listing to get some liquidity into the market over there. Also at a 10 to 1 conversion rate, even if they had one third of ABR shares go across to the NASDAQ that would amount to just on 13 million shares available for the whole of the USA to devour! I can't help but think this little gem is about to take off big time. Meanwhile, I eagerly await the update on the wellhead grades which I think is our next short term price catalyst .
ABR Price at posting:
$1.78 Sentiment: Buy Disclosure: Held
