Had classified VMS, with one of the world's largest undeveloped tin resources, under TIN with tungsten and Curtin Uni following up on CSIRO indicated boron.
With the 'magical' quantities of well located REEs in clay, the board has readjusted 'our' priorities.
They might consider spinning off the Tasmanian assets in a separate entity with a part of the new shares being given or advantageously allocated to existing VMS shareholders.Providing capital for the two entities.
The BoD are using consultants who hopefully will consider that option as well as advising against feverishly hurried disposals..
Ann: Share Purchase Plan Letter and Offer Booklet, page-62
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