As you may know, many of the small cap mining stocks are facing severe cash problems. Until exploration success occurs, most junior mining companies do not have the luxury of large cash positions to carry themselves for long periods of time. Starting out for new companies is challenging and expenses must be carefully monitored; there is little room for excesses. This is a primary reason that we find the CNSX so compelling. It is inexpensive to be listed on and has exceptionally low cost monthly maintenance fees. Yet, it offers companies the market visibility that is necessary. Above all, the difference in total listing and maintenance fees from other exchanges is enormous.
The “Canadian National Stock Exchange,” better known as “the CNSX” is a stock exchange that few companies and investors were aware of until recently. That lack of awareness has changed as the CNSX is developing its own niche and expanding faster than expected! At the latest count, it has 167 companies (stocks) listed for trading on its totally automated market system. But above all, we find it as an appealing alternative for some companies presently listed on other more expensive exchanges as well as companies considering being listed for the first time.
The CNSX offers companies simplified listing and reporting requirements. It is an ideal alternative and is exceptionally cost effective for small cap, micro-cap and emerging companies. For many “junior mining companies” we believe that it is the “best place to start” and “the most cost efficient place to be.”
In our opinion, the CNSX’s low cost structure warrants companies’ consideration. Currently, the total cost for a CNSX listing is $12500 with a monthly maintenance fee of $500. Moreover, there are no filing fees and no transaction based fees. By the way, press releases are free as well. A company is not “nickled and dimed” by fees when it issues information to the investing public.
As well, the CNSX system is available on most trading sites. What we also find compelling is that all the bids and offers at any time are available free to investors. Level Two Market Depth on either side of the market is available free to all investors. That’s a real plus and gives investors an extra insight into the depth of the markets.
We believe that the “Canadian National Stock Exchange” (CNSX) is an ideal cost effective alternative for many companies today. While it is not the ideal location for all publicly traded companies, it certainly is for many of them. With costs an overriding factor today and so many companies strapped for cash, it may be the right place for many of them.