There is a significant price (and trajectory) difference across TSX and ASX versions of Paladin. The TSX version is being sold for 6.10 CDN (~6.9 AUD) and appreciated 2% last night. The TSX version sells for 6.11 AUD and depreciated 5% today.
Chatgpt tells me that "teach share of Paladin Energy on the ASX (PDN.AX) and TSX (PDN.TO) represents the same ownership stake in the company. There is no dual-class structure or ADR conversion ratio like “1 TSX share = 2 ASX shares,” for example. They are one-for-one equivalent."
PDN has a 15% short interest in ASX. I wonder if filling the short positions has anything to do with this price difference.
At any rate, this gap should disappear or Paladin will de-list from ASX? Do I understand this correctly?
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