I certainly agree there is a mark of respect in the gesture and it does have some political motivations but i dont agree that this listing will not have a material effect on the asx price.
Namibia will have a GDP of over 14 billion us dollars by 2020.
http://www.imf.org/external/pubs/ft/weo/2017/01/weodata/weorept.aspx?pr.x=40&pr.y=6&sy=2017&ey=2021&scsm=1&ssd=1&sort=country&ds=.&br=1&c=728&s=NGDPD,NGDPDPC,PPPGDP,PPPPC&grp=0&a=
whilst the exchange will lack liquidity like many developing counties there will still be some wealthy punters looking to invest in their own country and i have a sneaking suspicion that if CLA finds more resources then the NAD will hear about long before us.
Ann: Celsius Dual-Lists on the Namibian Stock Exchange, page-22
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