the ba$%rds have got us, page-4

re: capital raising @ 10c... With an average daily turnover of US$20m is it worth it-listing on the PSE?.

That money concentrates on the telcos, power utilities, water companies.etc. Listed mining companies, of which there are a dozen or so, are volatile in share price/basically insolvent/and given quirks of local corporations laws-rarely raise capital. (Of note, the boss of the biggest local mining company, Leppanto, is Felippe Yap, a former boss of the stock exchange until some large insider trading case a few years ago!)

For these three to do anything significant on the PSE would need regional support from Asian investors out of HK, Singapore and KL as Manila is simply too small.

Cheers,TAS