There are 191M shares on issue.
From examples I've seen in the past, dual listing usually sees an increase in share price. HK Fund managers that track the index will have to buy it.
Look at the price spike that happened on November 4th when it proposed the HK listing, and look at how well GXY has done since the listing was approved on December 22nd. That gives you an indication on effect the listing should have.
A larger shareholder base also gives benefits for future capital raisings.
Warren Buffet's investment in Chinese lithium battery producer BYD should help sentiment for GXY's HK listing too.
Fengli Group HK has now taken a stake.
GXY is currently banking up against resistance at $1.64/5. If it can break through tomorrow that I think it should run very nicely.
- Forums
- ASX - By Stock
- GXY
- opinions please ?
opinions please ?, page-2
-
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online