It's one of those double edged swords. It is difficult to be an o&g speccky explorer without access to the liquidity and capital markets represented by the AIM...hence the dual listing ASX (home) and AIM (capital). I believe about 65% of our share register is traded on the AIM. They certainly represented about 2/3 of the traded volume. However, the AIM has two things unfamiliar to us here on the ASX: the use of market makers to provide liquidity pools for trade, and the absence of many rules that we have here....most notably the rules allowing trading halts. They are more difficult to obtain there. However they still have comparable rules to us as to continuous disclosure obligations. Hence the timeline of last weeks palaver. Of course wording in any announcement is a separate issue all together...and that one has been done to death here.
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