GREY:AXXDF - Post by User
Comment by
quinlashon Jun 07, 2020 10:30am
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Post# 31121484
RE:RE:RE:RE:So what happens now?
RE:RE:RE:RE:So what happens now? Looks like the listing was moved to the Grey Market, so yes, de-listed from TSX but can still be traded. Grey Market listings have different rules for reporting etc and are generally considered higher risk.
You can confirm this yourself if you go in and attempt to place a buy or sell order on the stock. You do not need to hit the submit button to confirm that the stock is available for trading.
The mine may still have a chance of being bought out if management cannot come to some sort of an agreement with lenders on loan repayments.
JMHO
Q jduade wrote: Yesterday at close of markets Alderon was set to be delisted from the TSX, and thus the halt should be removed. The question remains if Alderon will be listed elsewhere, if so then the shares could theoretically trade as early as today. It may be interesting to keep an eye on the Alderon ADR (AXXDF) to see if that starts trading again, and then use that as a proxy for the price of the stock.