TimeframeHI,
please see this link for my assumptions below: https://hongkong.acclime.com/guides/hong-kong-ipo-process/#:~:text=Hong%2520Kong%2520IPO%2520process%3A%2520IPO,to%2520carry%2520on%2520the%2520process.
The A1/5A submission was made on 05/22/2023 - from then on the earliest date for listing would be 80 days in the future -> August 10, 2023. This Date marks the end of the Listing process. There are interessting steps in between.
We can expect Updates from MJS/Persistance when they enter the "Marketing and offering" stage 3. This comes after
1- hearing
2 - final approval SEHK
3- board approval from Persistance
4- this would then would complet the the first step "filed" in the webull link:https://www.webull.hk/en/quote/hkg-n22052/news
The Hearing takes place 20 days before the listing. Meaning the hearing can take place from the 21.07. (20 days before 10.08.2023)
I expect the Filing complete and the end of the "no communication phase" around the 20.7 till 31.07 and hope there will be detailled information then. With the history of incompetence by the MGM, it would not be surprising if the need time till the end of the 6 month perioe to complete the listing or in the wort case, fail again. The current application expires at the end of November.
timeline: Pending
Offering
Shares to be Issued Pending
Pending
Offering End Date
Post IPO Outstanding 80.00K
The A1/5A submission was made on 05/22/2023
hearing possible from 07/20/23
End of "Non Com" / Start of Marketing from 21.7 till 31.07
duration for this application till 22.11.23
Expectaions: - In 2023, around 110 million total sales should be made. (67 million in 2022). This should be done primarily through the expansion of the opencast mine and from Q3/4 the majority of the sales will be made. Q1 was disappointing because overburden was processed.
Latest release:
Q2 to be published by August 31 at the latest
Q3 to be published by November 30 at the latest
Year-end figures are published by April 30, 2024 at the latest
- 09.2023 IPO of Persistance
- 09.2023 the first transfer for possible purchases of the persistence should already be made
institutional Mainland Chinese should be able to buy MJS on TMX. Persistance course should have a positive impact on MJS course.
Main Question: How will the MGM benefit the shareholders?
- buy back programm?
- dividend?
If MJS sells its share on Persistance, they have no business left. The ship rocksamples and thats it. When they sell to an appropriate price, they still need to take action to benefit the sahreholders.
Will they wait with such activity till they granted themself up to 10% of new issued shares?
The prospects are bright with this company. The history of this MGM is the worst i have experienced in 10 years on the stock market. The timeline for something big to happend is firm and waiting is gold again with this investment.
Hope the upper part was usefull :)
best
richard