RE:RE:RE:RE:RE:Just a thought@Jernhodet - The transcript that Magritte has posted are listing requirements for mining companies, but it's not that relevant to the $1 maintenance requirement question that was posed.
FCU could qualify for a TSX listing and trade for less than $1, but only stocks that trade for over $1 are eligible for inclusion in the composite index. The maintenance requirements for the small cap index also include a $1 threshold.
Market Capitalization
To be eligible for inclusion in the S&P/TSX SmallCap, a
security must meet the following two criteria:
1. The security must be greater than or equal to C$ 100 million and less than or
equal to C$ 1.5 billion in both float-adjusted and total quoted market value
(QMV), based on the volume weighted average price (VWAP) over the last three
trading days of the month-end prior to the Annual Review.
2. The security must have a minimum VWAP of C$ 1 over the last three trading
days of the month-end prior to the Annual Reviewtocks that trade for more than $1 are eligible for inclusion into the composite index.
So does FCU need to trade at over $1 to be listed on the TSX - No. Does FCU need to trade at over $1 to be included in one of the aforementioned indices - Yes.
Would FCU be better off to be to be index compliant - Yes. Will FCU consolidate to become small cap index capitalization compliant - Have to phone Dev.