I can't be bothered reading up on other companies. The few I'm aware of that spun off assets into a new company all offered shareholders free shares in the new company. That REE will give us shares in the new company is your opinion. It may be a valid opinion, who knows - but it clearly isn't an opinion supported in that announcement.
As for paying for our own assets - if REE does not give us shares in the new company but expects us to pay for them - then yes, I very much see that as being asked to pay again for assets we already own
Ann: RareX to Spin-Out Nickel-Copper PGE and Gold Assets, page-61
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Mkt cap ! $9.909M | |||
| Open | High | Low | Value | Volume |
| 1.5¢ | 1.5¢ | 1.5¢ | $15.69K | 1.046M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 15 | 3653334 | 1.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 1.5¢ | 474940 | 2 |
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| Last trade - 15.12pm 20/05/2024 (20 minute delay) ? |
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1.4¢ |
Change
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| Open | High | Low | Volume | ||
| 1.5¢ | 1.5¢ | 1.4¢ | 357100 | ||
| Last updated 15.33pm 20/05/2024 ? | |||||
| REE (ASX) Chart |