Yes, the laying of that first stone.
First it was by end of 2021.
Then by end of Feb 2022.
Then by end of Q1 2022.
Then by end of H1 2022.
Then sometime during 2022.
Now, by end of 2022.
Whilst we have binding agreements with Cameroon Government, this is still not a done deal, if you refer to the March 4 announcement.
"The key terms of the agreements are conditional on the ANS and Bestway consortium securing sufficient financing to implement the relevant infrastructure works. ANS and Bestway are in the process of advancing this work stream so that the opportunity under the infrastructure contracts can be advanced." Source:
https://aust-sino.com/files/files/986_219._Market_Update_-_Execution_of_Infrastructure_Contracts_-_04Mar2022.pdfAnd we don't want to become another "bluffer".
Probably the most important issue for most of us here is, when and where we re-list.
I expect this will be down the to-do list, as the above mentioned conditional financing arrangements must be finalised first.
With Honker's current COVID situation, any potential listing on the HKEX (and mostly likely on the GEM) would probably incur extra delays.
You would think a re-list on the ASX would be easier/quicker, given if was previously listed on the ASX, but then there's the problem of Chinese investment and the scrutiny that would definitely attract.
But, I'd be happy with a dual listing!
Why not?
(I hold AVH and it's dual ASX/NASDAQ listed.)
ASX now, followed by a larger Chinese-friendly Asian exchange.
There's up to a 10 month wait for my new toy... so being able to cash in some stock ASAP is a high priority, Mr Ding ! ;-)
