You'll have Depositary Receipts instead of shares (1ADR:100 shares).
It means PLL moves from an exchange that is awash with lithium plays to an exchange with very few lithium plays and Wall Street $'s that are currently restricted from investing in ASX assets but increasingly hungry for EV sector exposure.
Listing where the Tesla Fanboys/girls have pushed home grown US stocks like Livent, Lithium Americas and Albermarle to record highs could be beneficial.
As PLL moves from explorer to developer access to US institutional investors and lenders could be the difference between funded and unfunded lithium dreams.
President Biden''s/Trump' s critical mineral executive orders become directly relevant as PLL will be a US company proposing a US mine and hydroxide facility in the US. The timing is perfect as US battery supply chain will become increasingly focused upon in-country sovereign capability to protect against Chinese supply chain control of the US auto industry. Think Biden stimulus...
Happy days maybe!
PLL Price at posting:
98.0¢ Sentiment: Buy Disclosure: Held
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