Low volume most of the week. Basically, cat and mouse. I don't see anywhere but up, the US listing is in process. So, we will have buyers regret that they could not get in when the price was $2.40 and we will see sellers regret that they sold before the US listing.
The only other thought is that some OZ holders of shares may not want US stocks in their portfolio. So would rather just trade out and take positions in other ASX stocks. The opposite is also going to be true, once listed in the US there will be liquidity that will come 5E's way.
Anyway, just bored that nothing much is happening, so I thought I would post.
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- Ann: ABR Updates US Listing Timeline and Engages BofA Securities
Ann: ABR Updates US Listing Timeline and Engages BofA Securities, page-33
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