News: Intersuisse value Minemakers significantly , page-18

re: News: Intersuisse value Minemakers signif... The announcement makes this statement on page 4:

"The current intention is to seek a listing for TNT on the ASX and to raise $10M in an IPO. There will be an in specie distribution of about 40% of the intended shares in TNT to shareholders of Minemakers, and this is likely to be on an approximately 1 for 5 basis and involve about 50 million shares. Current Minemakers shareholders will also be given a priority in application for new TNT shares. The remaining 20% of shares upon listing will be held by Minemakers."

One question is how many new shares will be created for possible new Chinese investors prior to the spin off. I would hope it is zero, and that the timing of this is to demerge before signing deals with Verte for the phosphate.

One would hope that current shareholders get the best part of this deal for enduring so long in the doldrums.