I guess in hindsight this demerger seems logical, in as much as both of these assets are going to need funding. IO for the port and lithium for the whole shebang. This move will only be of benefit to the present share holders if the debt financing is handled correctly. Need I remind you of the shareholders in TRF,AVX,PGL and others that were sold short when new shares were issued to insto's and "sophisticated investors" at greatly discounted prices. The IO assets seem relatively easy to value, but the lithium is another matter entirely. Another matter that needs clarification is what happens the the current debt, does it get apportioned to each enterprise or consolidated. many questions need answering before you can say it's good or bad. So far PT has done the right thing by his shareholders lets hope he continues to do so.
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