Ann: Exceptional gold-silver rock chip results Black Bullock NSW, page-28

Thanks SW.
I have another take on it. Our gold assets and Lewis Ponds particularly are not giving our share price any bounce, nor have we received credit for it in a Cobalt Scandium Nickel obsessed sector. An IPO releases benefit to shareholders. And it could be quite considerable for us.
Heron had 400 million shares. The spinoff was a 1 for 10. So 40 million shares were issued at 20c value each. They made the company worth $8 million, and with the IPO of $5 million, made Ardea launch at under $14 million.
What happens when there are only 100 million shares as with ARL? If an allocation of 1 for 5 were issued @ 20c, the company would be worth $4 million dollars (the price of a nice house in Sydney). Add to this $4 million IPO and the company is worth $8 million. And that for possibly some of the best gold projects in the country. I think that has enormous potential for capital gain. There are a lot of investors not switched on to cobalt and lithium, but there are plenty who see value in gold, silver, lead and zinc.
If you in the 92 club, that would give you a minimum of 200,000 shares @20c float. $40,000 would be a nice Christmas bonus. I received 150,000 shares in the Heron spinoff, and it worked out very well. So I am for an IPO.
All speculation, off course, but on historical company patterns, this could just happen.
DYOR
BE