RE:RE:HK listingI think just to be clear, the TSX market cap doesn't matter, it the HKSE listing market cap that matters. If Shane and Toby can get someone to underwrite the listing and sell this Canadian real estate investment to chinese investors at $1-2/share, then the TSX listing will just arbitrage.
The problem with the share price now is that it is too illiquid for any big funds. So if you look day by day at the price, it only reflects one or two seller's valuation (dumping their shares). This is a very very inefficient market. If the HKSE listing increases liquidity through a new market, that alone could make the valuation more reasonable.
It just depends on the appetite of Chinese investors for Canadian Vancouver student housing...