in Canada brokers support is by far more important than in Australia; they're making the markets. Usually brokers push a shareprice in excersise territory of the warrants they/their clients got issued. Warrant stripping as a risk allocation strategy is a problem in Canada - at least temporarily. Excersise price is around 2.30A$ so this gives us some upside potantial. When stocks are introduced at a new exchange it depends on the market makers how quick they provide liquidity. Over here in Germany the market maker sells shares short if there is buying interest and covers next night in Australia or Canada. DIO is listed in Germany as well but still no interest because the share isn't promoted at all. If you look at a stock like Arafura you will find that 40%+ of all o/s is held by German investors because management addresses this important market with 20m+ potential investors. Many Aussie companies for example join resource conference in order to attract new shareholders but DIO aparently has to learn a lot in this respect.
Lenni
DIO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
