Originally posted by mr_delta
the good bit is DUAL LISTING and that too in the home of LME - that can't be a bad thing...
the bad bit- dual listing talks while ASX has raised some concerns (Even though the subsequent announcements have been to address those issues) - it means there is some problem that may not be easy to solve here "soon" and hence the dual listing initiative to preempt the worst out come possible - REJECTION by ASX....
Alternatively the dual listing puts ASX on notice to get on with it. We can go elsewhere to an exchange like London so the ASX won’t look too good and somewhat inexperienced with African companies. Africa has a wealth of opportunities and massive investment from China, US and Europe so the ASX making it overly difficult will force companies and investors overseas. Could also be protecting the Aussie company’s who knows after what the royal commission uncovered buddy clubs with ASIC.
Listing H1 2019 draws a line in the sand with a clear milestone!