RE:Buy, sell, or hold? Buy or Hold.
I've talked to Coalsur and they will be posting an anoucemnt early next weak.
I was able to figure it out why the stock did not advance as everybody expected after AER approval.
There was a big disappointment on Feb. 28 right after AER approval as Coalspur stock hardly moved up.
After an agreement was reached with (last outstanding) Alexis Nakota Sioux Nation the stocks went up to 0.44/share on TSX but after AER issued their approval stock hardly moved UP.
Now I understand the reason why. When the AER Feb. 27/14 granted Coalspur approval (it was after 3pm) in order to update the information/posting, Coalspur halted AXS exchange.
The announcement can not be done between trading hours without stopping exchange so most updates are done after TSX closes and ASX opens there is a window of about two-three hours (depends on the season).
On that day Coalspur wanted to make an announcement ASAP so they halted ASX on that day, that is why ASX did not go up in Australia on that day.
ASX on that day only move up about 2-cents (because it was closed).
On Friday Feb. 28/14 TXS investors noticed that ASX did hardly advanced so everybody was perplexed and disappointed.
On Feb. 28/14 the TSX the hardly moved up on that day as well (about 2-3 cents).
I think this proves my point that investors compare stock prices on these two exchanges. If one exchange goes up/down drastically the other will follow. They hardly differ by 2-cents.
I think stock listed on two exchanges does not give company any benefit.