This wont happen like that as the boards performance shares wont vest unless there is a change of control in TPD event. So TPD will be taken over by STX which means the Mongolian assets will be moved into a new spinoff company (Spinco) that will IPO a few days before TPD cease to exist. Spinco's cash will come from the IPO meaning current holders stake in Mongolia will be diluted.
All my speculation of course.
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Ann: Quarterly Activities/Appendix 5B Cash Flow Reports, page-68
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