A local person is probably already buying shares in the Dar Stock Exchange, hence: (1)SOGTL will be an addition to the portfolio. (2)Its easy for a local person to sell and buy shares listed locally. (3)No foreign exchange hustles.
All factors held constant, SOGTL will benefit more than Swala under the following events: (1) Award of licenses in Tanzania. (2) Progress in the Tanzania licenses.
Many local people (East Africans)do not know that they can purchase Swala Shares from the Australian Stock Exchange.
The IPO will be successful for the following reasons: (1) The amount SOGTL is trying to raise is small (2) Media has been reporting on positive exploration activities, hence the IPO will give locals a chance to participate. (3) If the IPO is opened to all East African Countries, we should see an over subscription.
just my opinions.
SWE Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
