Given that the Bank of NY Mellon has begun to bundle the shares...

Given that the Bank of NY Mellon has begun to bundle the shares of AVMXF and investors' brokerage companies are now, as of this a.m., actually holding the anticipated AVMXY ADRs in the investors' accounts, the next question is: At what price will the ADRs begin to trade. Because they now actually exist, if they began trading, the price would be roughly US $4.50/ADR (20 times the value of AVH), with some variation to account for the Aussi/US exchange rate ($1 vs. 1.06 US)and the bid-ask difference to compensate for the risk the market maker takes when buying tomorrow's Australian price, so to speak.

One ironic shift in thinking which some American holders of AVMXF may want to consider is that the minute to minute value of their F shares is now important primarily as a leading indicator of upward (or downward) pressure on AVH. Longer term, the value of AVMXF, when bundled into AVMXY, ADRs is simply identical to whatever is the value of 20 AVH shares. The bundling process seems agnostic with regard to any premium which shares of AVMXF has enjoyed over AVH (e.g. .25 vs .23). AVMXY is worth no more or less than 20 times AVH. So US investors who have been frequently getting AVXMF quotes and thereby 'cheering' and wishing its upward movement, can relax. Instead perhaps they/we can turn any available magical mental powers on the rise of AVH. Cheers. :-)