RE:RE:RE:Detailed Infor. on HKEX,SRK Report and Implied ValuationI will search the documentation to find that statement and will post it's exact location.
Secondly, cash will not be coming from MJS but rather from the HK IPO that will be raising money for Persistence to begin its gold mine acquisition activity in the Shandong Province as one of four gold producers given the right to acquire and consolidate the 20+ gold mines in that Province .
Those IPO funds will also be used for working capital for Persistence .
My rough estimate is that they hope to raise about $75 million from the IPO.
I do agree about the regular dividend and its very substantial elevation on our share price in the event that MJS does not sell its ownership of Persistence.
However, we will have lots of cash to acquire other producing gold mines outside China .
Which ever route we take , we shall do extremely well ......