We are missing the obvious here, splitting ADY would provide the funding for the Lithium project.
Of course ADY holders would get an inspecie distribution, & have an interest in the Lithium & Iron Ore assets still, whilst maximising shareholder value.
When you think how many shares are on issue, further dillution or placements/debt funding arent in the shareholders interests.
Would be a very highly sought after IPO!
financial review..., page-14
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