Ann: Corporate Restructure Review, page-54

So the way l read it is to look at spinning off the water division as a separate entity & ipo.

Cleanteq will therefore remain but as a pure minerals play comprising the Sunrise project.

Some may disagree but due to the potential in both l like it.

l think it would be prudent to do it sooner rather later & particularly from the perspective of better managing possible rapid growth &/or development in either one or both spaces.

As for the consolidation, hard to see how that won't go ahead. May as well accept that now. Sure will be a tight register.

So for that kid at the back of the class the 10:1 consolidation means your 10,000 shares become 1,000 shares but the share price changes from (based on current value) 31 cents per share to $3.15 per share. And just in case you aren't sure, the value of your holding will be exactly the same.