RE:the only constant is the disappointment of the MJS managemenYour forecasts were the impetus for my buying in earlier in 2022.
So, all remains on track fundamentally according to your forecasts, giving me a double in just a few short months.
So thank you.
One way or another, the uncertainty of HJEX will be over in 3 months.
Its only benefit to us is the increased visibility which comes with that listing and permitting and easy route for the Canadian listing to be spun off on its own.
The PRC team does raise funds via HKEX IPO to acquire advanced gold deposits for future inorganic gains in production which is fine, but we still have at least 20 years of LOM with current assets and won't have to wait for inorganic growth to come onstream.
We are more than fully funded for the current expansion to 3.3 mtpa , which has been underway in Pushback #1 since Q2/22 ..and will retain 75% of Persistence production gains if the HK listing fails.
The option of separating the two teams remains or selling the entire company to the 25% minority party or indeed them 25% of persistence.
One way or another, we are going to see the Canadian listing on its own in 2023.
So, if the HKEX fails by exit March 2023,....which I don't think it will..it won't bother me, as shorter term, we will have an outstanding growth profile at very low cash costs and rapidly increasing cash position and real options to monetize our company for cash in a growing POG climate.
Whats there not to like ...