Except when the difference has commercial opportunity , known as arbitrage, then you will have large buyer move to the exchange that has the lesser price.
Especially on dual listed companies, say you end up with a bidding war in the States and the SP raises dramatically due to a small share registry in the States, you will have savvy USA buyers buy on opening on the ASX. (even with currency exchange etc) Third party country buyers eg UK look for the best price on any exchange. There is still a while to wait for results but if IMC have the goods then you will see buying from around the globe for this stock. IMC are a very small fish in a small pond with some big whales, when you look at the research budget alone of other firms operating in the same sector, any sign of true success will more than likely result in a buy out , or best case scenario a JV with a Multinational. This immediately opens the door for future pipeline products to gain an instant audience with heavy hitters with budgets that look like international phone numbers .... still "the science has to be solid and does what it says on the can"
- Forums
- ASX - By Stock
- IMC
- Trial Results
Trial Results, page-32
-
- There are more pages in this discussion • 16 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 IMC (ASX) to my watchlist
|
|||||
Last
10.5¢ |
Change
-0.005(4.55%) |
Mkt cap ! $23.93M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.5¢ | $6.177K | 58.83K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 31764 | 10.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
11.0¢ | 215568 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 31764 | 0.105 |
4 | 247605 | 0.100 |
1 | 10101 | 0.099 |
1 | 52520 | 0.095 |
1 | 9695 | 0.092 |
Price($) | Vol. | No. |
---|---|---|
0.110 | 215568 | 3 |
0.115 | 100000 | 2 |
0.120 | 193000 | 3 |
0.130 | 231571 | 7 |
0.135 | 278000 | 2 |
Last trade - 15.38pm 23/08/2024 (20 minute delay) ? |
Featured News
IMC (ASX) Chart |
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online