Ann: Trading Halt, page-96

I think that for the Mongolian assets to have value they would need to be in a listed vehicle .

So the TPD shareholders would be allotted free shares in an IPO for a new ASX company that would hold the coal gas assets.
The new investors in the new ASX company would provide the cash required to progress the coal gas program.
STX would TO TPD and it would be delisted .
However could go the other way too .
Either way there needs to be a decent amount of cash in the entity that holds the Mongolian assets to move that program forward .
Further M and A to put the Mongolian assets under a single ownership would seem to make sense too once any income stream from Walyering was gone.
However first things first .

Probably get a TAX ruling to get roll over for the allotted STX shares and a valuation split between the Mongolian assets and the perth basin assets .


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