Ann: Ngualla Project Update , page-49

D59'

Heard a whisper that inquiries have also been made about listing on TSX.
A questionable move in my opinion.
We have already been torched twice when raising capital in Nth America. In May last year when the Canadian broker reneged on a placement of ~$6.0 mil to fund the cash component of the Zari deal and Shaws ended up raising the money in two attempts; and the recent placement when Roths dumped their placement stock and now have 5 years to sit on a swag of options at $0.50c.
Other small companies before PEK have shown that ASX/TSX dual listings are expensive to initiate, may require a roll back, are expensive to administer and are unlikely to give any increase in value for shareholders.
The Company has a world class project; therefore, with proper corporate advice, management and promotion it should be able to raise funds as an ASX listed company.
Unfortunately it looks like an overseas dual listing is imminent.