Mate Iove your enthusiasm for this project. But it's a done...

Mate Iove your enthusiasm for this project. But it's a done deal. They aren't going into this wondering if they have the votes. The best outcome holders could hope for would be a free shares issue. Frankly management at FAU owe this to holders and it would only be right. Speculation around this or access to the raise I suspect has driven recent demand and improvement in the SP. It sure isn't that last batch of yawn-inducing assays from Gippsland driving increased demand. Hell, I even thought about buying some FAU just for access to this raise because I'd love to add a new highly prospective lithium project and I hate this company (but then i punched myself in the face and got over it).

I went through a fairly similar scenario with MLX a few months back when they spun out a mothballed Wingella Cobalt-Nickel project now owned by the new listed entity NC1 and MLX continued to hold 22% of the new entity. From memory holders received 1 NC1 for every 39 MLX held as well as the right to participate in the float. It wasn't a lot of free shares at the end of the day (but NC1 has 8 bagged since). Something along these lines would be appropriate I believe.

From memory you have stated you hold FAUO's...you may want to check your status with FAU with regards to the float as you are technically not a share-holder without heads and it is likely that you are excluded from participation.