Hi SS, I must admit I have very little experience in a wholly...

Hi SS, I must admit I have very little experience in a wholly owned subsidiary going public when the parent coy is already listed. With ADO already being listed and DIA (technically) already contributing to the sp, how would they go about listing it as a separate entity?

With regards to your fair value question, independently I think DIA might fetch ~$35-$40m for a potential sale (what I think it could realistically go for). For a market capitalisation on an IPO, I'm too unfamiliar with what an assessor takes into account to even guess at this type of value. Based on Sienna, I'd say obviously the potential weighs heavily.

If it can be done (an IPO of DIA), I agree, that would likely be the biggest return for us, but just not sure if it is possible.