CNJ is not officially listed on any German exchanges, however, CNJ can be traded in Germany. However, due to the thin daily volumes, as well as the large spreads between the buy and sell quotes, over 90% of the trading in CNJ is currently executed on the ASX.
Having said this, if CNJ do have a major discovery on their hands in Greenland, the CNJ BOD may consider listing CNJ in the US or in Germany, however, I think this is highly unlikely.
I think we all need to bear in mind, that in the case of a major discovery, CNJ are more than likely to enter into a JV with a major mining company, retain a ca. 20% share and be free carry (TAS may also want a piece of this very tasty pie as well). I could well imagine this all playing out next year. Under such a scenario, CNJ would probably have a MC of at least A$200 million.
Wishing you and all holders a profitable day.
CNJ Price at posting:
6.8¢ Sentiment: Buy Disclosure: Held
