http://www.theaustralian.com.au/business
THE love affair between Australian miners and the Toronto Stock Exchange appears to be well and truly over, with the bleak conditions in the market driving companies to drop their dual listings and return to their home bourse
Several Australian miners have either left or are preparing to leave Toronto amid complaints about the low levels of investor interest in the resources sector, high levels of compliance, the steep cost of maintaining a listing and the failure of companies to attract the share price re-rating they had expected.
The TSX for years ranked as the largest single exchange for mining ventures and acted as a major gateway for Australian-based companies looking to tap into the North American capital pool. The market also attracted Australian companies that believed they would enjoy better valuations in the eyes of Canadian and American investors.
However, executives told The Australian that investors in North America were increasingly uninterested in resource stocks.