DRA 0.00% $1.96 dra global limited

Miningnut above: "Most of the costs of this exercise of moving...

  1. 312 Posts.
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    Miningnut above:
    "Most of the costs of this exercise of moving to the HK Ex have already been paid out and is reflected in DRA's current net debt position. These costs would have been paid to the sponsor, Altus Capital in preparing four different sets of the draft prospectus(incl the one dated 29Mar18 that was probably not accepted by HKEx).
    I'm sure the current loan of $A5mil from Allied Properties would reflect/approximate these costs."

    -5 million to sponsor would be quite a lot. Apparently there is on-going reviews and meetings which would increase the costs
    - would it be so that 3 prospectus could be filed only 3 times, but they may have a possibility to withdraw and then try again, if there would be problems?
 
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