It will settle IMO and you can draw an analogy with the initial...

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Tekvest

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19/01/24

16:34

Post #: 71968181
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Originally posted by mooroolbark: ↑

I spoke with someone on the Commsec International desk today to see what the timeline is for them to get the drs transfer capability working. Unfortunately he said that it was not clear and could be anywhere from just a couple of months to late in 2024, so not very satisfactory. I don't mind it taking a while, but they should set a definite date. Maybe there is some application process where the response time from the US is out of their hands or something like that.

Personally I am going to look at other alternatives. I don't mind waiting until early February for my new holding statement to arrive, but given the volatility expected in the share price I wouldn't want to be unable to trade for much longer than that. At the moment I'm happy to hold, but if the price shot up to AUD 70.00 or more I'd have to reassess, as I hold 2,841 shares and the dollar value would be getting too high relative to other holdings. I don't really want my biggest position to be in a speculative stock, albeit one that I think has multi bagging potential, so would want to reduce the holding a bit for safety.

See you all on Stock Twits, but I'll have a new user name as I have moved from Mooroolbark.

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It will settle IMO and you can draw an analogy with the initial NASDAQ listing when the stock was paralysed. The Australian stock is being converted daily in dribs and drabs among limited supply and once the process is completed it will most likely change

SZL Price at posting: $24.35 Sentiment: None Disclosure: Not Held
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0 Great analysis

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