RE:RE:RE:RE:ON THE WAY TO BECOMING A SIGNIFICANT TUNGSTEN PRODUCERTungride wrote: Lonade, a Korea exchange listing has sounded very promising for us for a while. I don’t understand how sp changes in Korea impact our TSX held shares. My understanding is different listings behave mostly separate. Can you provide a brief explanation how secondary listings might improve our TSX shares?
Happy New Year everyone
5ilver basically gave the key word as to the mechanism...
if there is a huge interest in Korea, the shares will be "sucked" from the TSX and Germany; the more interest from Korea the higher the price; demand drives the price....
but for me it's more about the question if new shares will be issued (which i do not see generally negative in this context)...it would not surprise me if the Korean advisors of management have recommended more shares to be out there since at the moment a large part is held by the insiders and large shareholders.
if not enough shares to be traded the interest could drop again and the whole listing could become contra-productive..not a must but a possibility.
an ideal scenario that i have been thinking about. link the closure of the 14 mio to the listing in Korea (the timing could fit?!) ; at the same time announce a financing deal with a major Korean industrial player for a large part of that amount; throw the rest onto the Korean market. the icing on the cake would then also be a MOU / LOI (contractually not that significant but huge impact symbolically in Korea) for the development of the molybdenum resource with the same Korean industrial giant (and / or the extension of Sangdong). that would create huge interest in Korea.
if you list in Korea it will be very important to allow enough locals to join this great story.
let them be part of the reawakening of the "Great Lady of the East"