RE:ASX ListingSam, for many reasons, sees the ASX listing as being very positive for Kincora.
If I read the note correctly they have a couple of points to consider regarding the timing and pricing of the listing:
1) Summer holidays in Australia are coming to an end much the same as we would experience here in North America in August. We understand that investors start to pay more attention in September and I assume that in Australia that happens in March.
2) As they converse with the board and major shareholders they will need to consider listing with the share price at $.20 which they are clearly not pleased with. As of end of December they had 4.4m in the bank and they continue to make progress with the drill. (2 rigs continue to work) Again, if I read it correctly they think $.20 is way too low and believe that the stock is not accurately priced given current circumstances.
I now anticipate that we will see 1 or 2 news releases, containing assay results, between now and the end of February. The hope being that the results will be strong enough to move the share price higher.
If they have "the goods", something more substantial than what we have seen to date, there is a chance the stock price climbs.
If the results remain consistent with what we have seen so far, then it appears that the seller will have their way and the price will remain approximately $.20.
Chip