RE:Base CaseEverything approved at the AGM including the important options package.
They are still working their way through the HKEX submission, responding to questions and queries.
As posted earlier, the HKEX is to raise funds via IPO to add inorganic growth via acquisitions of producing or very advanced gold projects in Shandong where MSJ is one of four producing golds in the Province with the right to consolidate gold production in that Province.
It does not affect organic production growth via expansion of the Songji open pit mine which is currently underway , fully funded by MJS and which will more than double current production, halve cash costs and establish the basis for mining that resource for the next 20 years or so.
That expansion should soon show up in the next one or two quarters, enroute to peak production of about 125,000 ounces per year .
Also posted previously , certain events, including reorganization of Majestic into two separate publicly listed equities....PRC and Western ..will proceed one way or another including the proposed HKEX listing of the PRC as a separate entity from the TSX listing .