if I understand what they are doing, it seems they are listing the Tanzanian sub-co which holds the company's assets on the Tanzanian exchange. if they float X% of this company, doesn't it then dilute existing ASX holders by the same percentage? the Aussie parent only owns 65% of the shares of the Tanzanian sub in the first place. the parent company will need to invest in the Tanzanian IPO to prevent dilution here.
