One would expect that the major shareholders will want it to remain listed here as CGT is only 24.5% if shares are held more than a year. In Canada the capital gains are treated as income - potentially attracting a higher tax rate. No chance of delisting here unless taken over.
The purpose of listing in Canada is to be recognised by a market that understands South America more than the Australian brokers (that have a better appreciation of West Africa). It's about getting the best value for shareholders. Also, EVG will be a significant silver producer. Silver is more appreciated by the USA and Canada than here in Australia.
Don't worry - be happy. When I spoke to BJ the other day he mentioned that the documents required for a joint listing in Canada are much more stringent than for the ASX. The documents required to be lodged basically include the full feasibility study, metallurgical tests and economic models. When it is released on the ASX (as it will be public in Canada) then the brokers here will have to take notice. BJ knows what he is doing. Can't tell you what else he mentioned but I am very happy to sit on my shares for 18 months at least.
EVG Price at posting:
18.0¢ Sentiment: Buy Disclosure: Held
