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LinQ soars on delisting plan

LinQ Resources Fund shares have nearly doubled in price after the investment company announced a proposal to delist from the Australian Securities Exchange.

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Perth
How extraordinary is this. That by delisting, a stock immediately goes to close to value. This tells us that the listed markets have lost the plot; probably a combination of high frequency trading and a very short term focus. It would seem that now, the value of liquidity has been overwhelmed by other factors. Stock exchanges better watch out or there will be a rush for the delisting exits.

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Share Transactions

12/03/13
$129k Sold
12/03/13
$43k Sold
12/03/13
$925k Sold
Total value as at the date of the transaction
Source: Morningstar

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