The price on the JSE is 0.35 which equates to AUD$0.033 per share. Does anyone know if and how we can trade our securities on the JSE? ORN's announcement of 19 September stated:
"Non-South African shareholders will be able to freely transfer their Shares between the exchanges for trading and all proceeds will be able to be freely remitted to source."
Given that the JSE price went up 34.62% and that there is now a huge price disparity between the shares listed on ASX and JSE, does anyone know how to transfer ASX shares to JSE to take advantage of this arbitrage?
PS I have held ORN for a while now, and I am excited about the two upcoming JORCS. I am tempted to sell for a quick buck but have reservations because I have confidence with the JORC results.
ORN Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
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