Thanks rick, appreciate your opinion. I actually think there...

Thanks rick, appreciate your opinion.

I actually think there would be quite a few advantages to Russell and Co (Wodgina resources) basically performing a RTO with MTC. Especially for Russell and Gino, seeing as their ~33 million shares are out of escrow in 4 months time.

Why would they need Russell? I don't know, but seems that there is some sort of agreement in place according to that article last week. I'm guessing Russell would simply be the Australian face plus have the "shell" ASX listed company for the RTO. it would be a nice easy way to get Wodgina Resources on the ASX very quickly.

If Russell was to try to take Wodgina Resources Public through an IPO , the disadvantages would be:

-Any shares management own in Wodgina Resources would be subject to a lengthy escrow period (like his shares in MTC, around 24 months?)
-Significant ASX listing fees
-Potential ASX compliance red tape
- Months or years to actually get to IPO stage


Advantages of using MTC via an RTO

- Substantially quicker, Wodgina resources becomes a listed company within weeks, not months or years
- Russell's Chinese investors gain access to the ASX . Which I'm sure there would be less red tape or compliance issues compared to an IPO
-Russell and Gino already have ~33 mill shares PLUS options ( they'll get a lot richer immediately)
- More secure and liquid, Having a listed entity that is held accountable by the ASX may be more appealing to the Chinese investors (and also MIN if we were to actually put in an offer)
-Substantially less expensive in terms of fees
-Easier to raise future capital if needed
- Easy future exit strategy for Russell and Gino.



I could be reading way to much into this and I could be wrong.. also happy to be corrected with anything in my post

Its all in my honest opinion