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Spot on Cash, the LSE listing is a longer term strategy to...

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133 Posts.

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13/01/19

14:40

Post #: 37100657
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Originally posted by Cashmeoutside: ↑

Very premature calling the LSE listing a failure IMO - just a month on. It was a long term decision which came about to due to the non-interest in African mining plays by asx investors (Europeans more knowledgeable on the issues/non-issues of African investment). I believe they did it to diversify their investor base and have a much wider audience to tap into to raise the large financing for T3. Getting the interest of these large European investors who are more interested in African plays could result in a significantly lower cost of capital. They are yet to tap the market for equity and therefore it lacks liquidity which puts many large investors off. In due time the LSE listing will be successful imo but like all things requires patience.

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Spot on Cash, the LSE listing is a longer term strategy to increase the shareholder base and access to funding - the London market has a much better understanding (and bigger investment appetite) for African explorers/miners than the ASX.

MOD Price at posting: 24.0¢ Sentiment: Buy Disclosure: Held
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