Its the sensible option when the current share price is not reflecting the lithium asset at all.
It gives shareholders exposure and any new investors, who will be expected to inject $10s of millions (if not $100s) of capital, some control over the resulting company.
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- Ann: Intention to Demerge Goulamina Lithium Project
Ann: Intention to Demerge Goulamina Lithium Project, page-20
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