the Company may consider funding these projects by vending them into a new company (NewCo) and completing an initial public offering (IPO). Any retained equity in NewCo would be distributed to DM1 shareholders.
This is pheonixing by stealth imo.
DM1 knows they can't raise more cash from embattled holders so NewCo is being birthed as a new company that could attract investors,
This is a desperate move signalling that the DM1 Board has in effect not just given up on existing projects but the entity DM1.
my opinion
Ann: Exploration Update and New Gold Projects, page-13
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