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[sharechat] RMG

From:	Mike Nelson <bb2345@ihug.co.nz>
Date:	Thu, 10 Aug 2000 17:25:25 +1200

I wonder what effect dual listing (NZSE/ASX) is having on the RMG
shareprice. On the NZSE the price rose today on Vol of 1.55 mil shares to
.37 whereas on the ASX it dropped a cent to AUD .27 on Vol of 9000 shares.
No doubt the news re Trans Alta helped the NZ price but would the Aussies
not know the relevance of that deal and therefore be unaffected ? Then you
have the NZ buyers look at the lack of interest on the ASX and decide to
rerate on the NZSE tomorrow ? I speculate that the dual listing in this
case may be holding back the RMG price overall.

Any thoughts ? 

MN

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