KZA 0.00% 8.0¢ kazia therapeutics limited

re: rocketing for how long As a point of interest who actually...

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    re: rocketing for how long As a point of interest who actually determines the value
    of NRT in Australia - the Australian Investors, the American investors, the foreign exchange markets , or
    all 3?
    On last nights US close of US$15.65 the Aussie value
    is US15.65 / 5 / 0.658 = AU$4.75 but just a month or so ago with the exchange rate about 55c the result would have been $US15.65 / 5 / 0.55=AU$5.69.
    The answer to my own question I think is that it will
    inceasingly be dominated by the US market as their
    buying power takes hold of a(to them) relatively
    cheap stock.

    I hold NRT. Do your own research before investing.
 
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