News: RDM Red Metal Ltd Proposes To Spin Out Maronan Project Through Listing On ASX, page-66

he's talking nonsense imo

float timetables are always indicative - as the paperwork said. because they are always subject to market conditions

as i said prior - it wont float until silver goes into a bull market for a while - otherwise it would be counterproductive.

the whole point of doing it is to drive funding for the project and rdm - so company wont pull trigger until and unless those conditions arise

the optional entitlement for registered holders as at April to participate in the float will remain in force because that forms part of the undertaking to getting their 'yes' vote. and because the entitlement helps provide additional likelihood of success for any float

but if a float doesnt occur then the option cant be exercised - no harm no foul