RE:RE:RE:ASX
I agree there was definitely some odd market manipulation going on to surpress the price going into that IPO. Don't really want to try and delve into the mechanics. But, post-IPO I can't see any reason/edge left to keep shares on the TSX surpressed. There's some small arbitrage play on the spread between the two exchanges as they won't always trade perfectly in-line from each day to day. Liquidity is very low in general, so if a TSX investor wants to unload a chunk of shares they can easily drop the price a couple pennies in a day.
There is a totally different a set of investors on each exchange. There will be more disgruntled & pessimistic investors on the TSX that are willing to dump shares they've held a long time for a loss on any opportunities. The ASX will draw fresh capital with optimistic investors getting in "early" at a very attractive price and point in time, with no anxiety to sell. So I think the ASX will lead the charge more often than the TSX on the day to day.
Not sure if the market-maker, Mackie Research, that KCC employed has been sellling shares on the TSX to cover some of their buys to keep the price above $0.20 before the IPO. They would probably be happy to sell any portion a couple pennies higher and clear up their books on the stock.
Otherwise, bring on some assay results and an update already...this week would be great!