Blocking the Redomiciliation, page-10

Equity will trade on the ASX only is my read of the details.
If they did a Nth Am listing would be a fresh equity issue and dilute existing holders, right?

I think I said in another topic, reckon this will be like Y2K bug. I can't see these snatching shares scenarios materialising at all. I see it more as exit strategy planning by PE rather than a triple down in the company. Why would a Court approve it and why would Grant Thornton put their name to an "independent" report if equity can disappear into thin air? I don't have any experience with Canada investments but I'd hazard a guess it's reasonably protective to shareholders.

Only confusion for me is when to jump in, pre or post CDI conversion. I'm thinking will just be easier afterwards, assuming prices stay this low. Compelling value at three tenths of cent if YTD earnings at Q3 is roll up to full year. USD61m EBITDA crudly adding Q4 as Q3 runrate is EBITDA USD85m (or AUD120m ish). Market cap is AUD78m. Even if you add in the massive debt load it's under 8x EV/EBITDA.