Hi there, I am new to HC, I have been reading the posts over the last few days and I cant see how the N listing has been a 'flop'. I think the N listing was priced in already in the last couple of weeks. The adverse affect is only for the those who thought the price would open up here at 30c + and when it didnt, got cold feet and dumped them. I think there are few people happy to pick these up at this price now.
The fact there is thin trading there means either the people are still finding out/learning about PRR, or are not silly enough to buy at $12.
Im sure they do their research like we would. Why would they pay high price right now, when it can be aquired on ASX for 22.5-25c in last few days.
Its like if Apple listed on the ASX, would Aussies be silly enough to rush out and buy them on our exchange for $800 a piece, when we could get them direct from US for $600?
The mm are obviously testing the higer price, but this was always going to be a rocky ride in the first few weeks.
As most people agree, a few positive results in relation to testing or sales in Dubai should see it help move the price northward.
Anyway good luck to all holders.........ST and LT
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Hi there, I am new to HC, I have been reading the posts over the...
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