I see Goldie and Mike can give it BUT cant take it so had me mod,.. piss weak.
Anyway from the announcement,... Any demerger is expected to be conducted by way of an equal capital reduction in Toro and an inspecie distribution of its shares in NewCo to Toro shareholders in compliance with applicable ASX Listing Rules including Rule 11.4.1(a). Upon completion of any demerger.
We wait to see the full details, but no way should this current board take part in management both companies....
Ann: Updated Scoping Study Results Lake Maitland Uranium Project, page-175
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