(This has been mentioned in other thread, but thought I would create a clean thread as there might be a lot of interest in this.) Shouldn't KLA have their prospectus etc on the ASX website already or am I missing something? Only a few days until they are supposed to be listed. Also what are peoples thoughts on this stock as this have become of interest to me?
I haven't seen the prospectus. The big question I have is what % of shares will be listed on the ASX? I have a feeling with the majority of shares already listed on TSX and NYSE, that KLA's ASX shares will likely be quite illiquid and will just mimmick TSX/NYSE at 10am each day. ie. what happened with TGZ for many years before it was delisted from ASX about 2 months ago. KLA's Fosterville Mine in Victoria is exceptional though. It was mining a grade of about 17g/t a year ago. This would have to make it one of the highest grade gold mines in the world at the moment.
Yeah a little strange no info is released before being listed. I wasn't aware of what happened TGZ. Fosterville is definitely a money maker to say the least. Whether they can improve on those results remains to be seen.
