With respect @qube22 - you really should do some research before...

With respect @qube22 - you really should do some research before you post,. What you say is wrong and very misinformative.

ASM is not being sold, it is being spun off. For example see BHP's spin off of South32, or MLX's spin off of Westgold, or SIR's spin off of S2R (a bit different because the sale of the huge Nova discovery to a third party and the delisting of SIR was involved)

Usually the spin off involves the transfer of (non core?) assets and enough cash to carry on - each ALK shareholder will receive shares in ASM (pro rata) and perhaps new shares will be created for issue in an IPO. In this way or maybe by some other means capital can be raised to proceed with the development of the Dubbo Zircon Project.
This process is supervised by ASX who will see that fairness is maintained. I think there will be a prospectus too. The education pages on ASX website will confirm that or otherwise.