RE:RE:RE:Base CaseI posted the rules which outlined the sensitivity of HKEX to disclosures which is why so much is redacted.
But, it is my understanding that part of funds raised by the IPO will be used to expand the mill to 3300 Mtpa from current 2000 tpa.
We pay for the three push backs which is not a signifucant expense.
I get the feeling that the PRC team wants to completely run these Chinese mines in order to consolidate the smaller mines in Shandong Province....and hence build a mid tier Chinese gold producer .
That HKEX is essential for another reason besides raising capital.....it will give NeWCo plenty of exposure .
In return, we get 50% of the cash flows and keep our shares of Majestic which will Canadian managed and either continue its TSX venture listing or elevate to the Senior TSX.