As for the spin-off.
Looks like we each get to retain the same exposure in the Spin Out Vehicle (providing TPD can set it up in time).
The Spin Out Vehicle will have
It will trade at the market price for that (which I think will be bugger all).
- Our Mongolian asset; and
- A$850,000 cash (less any costs incurred in connection with the demerger and certain other costs and funding provided for the Mongolian assets by Talon during the Scheme/demerger process) via a potential spin-out of those assets into a separate vehicle
The Spin Out Vehicle will need to pay corporate costs etc etc so I can't see it lasting.
TPD better off trying to sell those assets now.
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