Hi danbradster,
Basically, from what I can gather, AUS Streaming wants to list on the ASX. Perhaps, luckily or unluckily for us, they worked a deal with MCH to come in through the back door.
MCH will issue shares to ASAF, and then MCH will acquire AUS Streaming. Essentially, MCH will become AUS Streaming - a mining finance company.
Also, because MCH has some assets, they are going to 'quarantine' them in a trust for MCH holders. It appears that the trustee will be Quest Securities, one of our subsidiaries.
I will do some more research when I have some time, so don't quote me on anything that I have said. As for whether we will lose or make money , I think there is too little information at the moment.
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Hi danbradster, Basically, from what I can gather, AUS Streaming...
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