SEA 0.00% 16.5¢ sundance energy australia limited

us listing just announced, page-20

  1. 310 Posts.
    lightbulb Created with Sketch. 34
    That was some wild ride today,
    Had to check if I needed to sell something to avoid margin call.
    Seems simple, list in US get hopefully a higher valuation. Many were hoping for just this news but some were just suprised by the size of the share issue.
    Seems some were spooked by the size of the issue.
    Huge Volume.
    Saw two trades first for 500K next for 1m. both at the offer, so guess some bargin hunters today.
    Despite the market reaction my thought initially was management thought they were giving us a xmas present.
    Big Backers behing the listing so hope for big demand and better prices after the listing.
    NASDEC so management has big plans.
    GLA
 
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Currently unlisted public company.

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