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31.0¢ tawana resources nl

Fair enough NL, Can't help being happy on a great day like...

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unicrumba

5,241 Posts.

2574

27/11/18

20:15

Post #: 36660103
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Originally posted by Names little ↑

Hi Uni, I just think it's misleading to portray it as a bonus and some who don't understand may act on that type of post.

One A40 share will be the same as one 40f share on the SGX in respect of ownership entitlement in AMAL. So in theory one A40 share will be worth the AUD equivalent of whatever one 40f share is worth on the SGX. There obviously may be small differences from time to time but in theory arbitrage should keep them reasonably close to the same value. If they get too far out of synch the big boys will likely just sell in one market and buy in the other to make an arbitrage profit.

Currently 40f is sitting at .27 SGD I believe.

All just in my humble opinion though

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Fair enough NL,

Can't help being happy on a great day like today...care to share your view re today's events and the subsequent events this will now trigger and what that will do to the SP?

TAW Price at posting: 30.0¢ Sentiment: Buy Disclosure: Held
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