Australia's largest stock trading and investment forum Australia's #1 stock forum

KLA

Click for more information

0.00%

$52.69 kirkland lake gold ltd

What do you think the opening price will be? Cheers

First 62 Last

Share
Profile

Follow
Johnnyonozzy

100 Posts.

3

01/12/17

07:51

Post #: 29276267
Share

Originally posted by Newick ↑

The shares are the same shares for Kirkland Lake Gold that are traded on the TSX and the NYSE. There are no new shares issued for ASX. There is no dilution. You can put in a bid on as many shares as you like. I don't know the precise mechanism, but an international broker whose job it is to do these things, will make the transaction happen if your bid is high enough and not enough shares are available on the ASX. The shares will be moved from the TSX or NYSE to the ASX.

I have bought/sold shares of a thinly traded stock (only one transaction a day) on the US OTC market, and both the OTC and TSX show the exact same count of share volume as my transaction. Some behind the scenes broker did the transaction, completely invisible to me.

(Since I'm in the US, I hold the stock as KL on the New York Stock Exchange.)

Expand

What do you think the opening price will be? Cheers

KLA Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

ARB

Court process clears way for ARB to buy up 4 Wheel Parts business in the US

OCT

Octava Minerals joins the antimony train with high-grades on the radar at Yallagong, WA

Tonight's US CPI data could set the tone for November. What are markets expecting?

IMA

Issues emerging as Australian companies tackle critical minerals challenge

ARV

Smallcap Artemis Res' jumps 23% on six digit gold grade rockchip find at Titan

There are more pages in this discussion • 46 more messages in this thread...

First 62 Last

Add KLA (ASX) to my watchlist

SPONSORED BY