I thought I might mention that a dual listing could be on the cards this year or early next. Magnums US financial appointments are there to support exposure to the North American markets.
NASDAQ dual listing has been alluded to,
this is all lining up more than I ever envisioned for the company, and we now have the confidence in Neil and team to see that vision become a reality.
think if all of these boxes are ticked, then a dual listing announcement....
I don't even think they'd need ADR ( ADR is an allotment of shares which effectively lets any company list on the nasdaq regardless of price
example - Mgu asx shares = 55c
(ADR allows allotment so they would just bundle two shares)
mgu on nasdaq ($1.10)= 2 shares of the above
hope this explains the system for those unaware.
I just know the appetite of American fund managers, and they would not be able to pass up the opportunity to throw money at the economics, esg standards, and the government help projects like magnums are well supported
like I've said before, we have the backing of the public and private sectors, this price is laughable, but in a few years time, we can say we were here, right at the beginning
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