Asset IPOAn initial public offering (IPO) / Spinout is a great way to reward shareholders for assets that contribute little or nothing to the market cap.
Take for example our Peranghi/ Mentique oxide discoveries which remain under explored but still have substantial current economic value in the case of the advanced and continuing development of multiple open pits at Peranghi .
Both discoveries remain open at strike and May be joined/ interconnected by their basement sulphide lodes.
We will soon have a dormant 1 million TPA oxide mill requiring only expansion of its front end head feed.
IPO/ Spinout would kill three birds with the same stone.......new oxide production and revenue stream, exposing with 99% certainly the existence of additional sulphide lodes beneath these oxide pits for the Floatation Plant, and making use of a very efficient oxide mill that would otherwise be on care and maintenance .
Of course, Murchison is another example for which it's asset value can be unlocked by a similar mechanism.
All it requires is innovative and energetic management.
Cathy will not be bringing coal to Newcastle in her EU Road Show.
Those EU shareholders probably have it already figured out..