Mining Stock Education · Saturday, September 19, 2026
Scorpio Gold CEO Zane Kallian commented on the initial trading volatility following the company's Nasdaq debut, attributing it partly to an arbitrage opportunity due to a limited initial supply of ADRs. He emphasized that this market activity was outside the company's control and that management remains focused on executing their development strategy.
“So, yeah, it was interesting start to trading. I think, um, there was, uh, a pretty evident arbitrage opportunity with the limited amount of ADRs that were available on listing.”
“But what I would say is there probably was some parties that took advantage of the of the arbitrage that was there, um, these are players completely outside third party of the company.”
“Like we have no, we had no expectation that that was going to happen. It was completely, we were very blindsided by by all that market activity.”