RE:RE:RE:Why the share price can't riseThe whole point of the HKEX listing and IPO was to provide partial separation of operatiinal objectives .
The minority PRC component wanted to grow by acquisition using HJEX IPO funds while running the SJ mines while the MJS partners wanted to be relived of their operatiinal PRC responsibilities so that they could pursue their Western interests while still retaining 51 % control of Persistence and its cash flows.
The HKEX trades much higher than western exchanges hence the market cap of Persistence would quickly appreciate .
So, what happens now that the HKEX attempt has failed.
Its my view that we shall now see a takeover offer from the Minority partner who have the right of first refusal in any asset sale by Majestic.
That will be fine with me..