If the IPO does get up then the 20 million shares in Saturn Metals Limited should be issued to Peel shareholders NOT Peel Mining. That would be a welcome windfall for shareholders. If you currently own 50,000 shares in PEX that represents 0.03 percent of issued capital in PEX entitling you to to 5,950 shares in Saturn Metals Limited ($1,190).
Currently investors don't factor Apollo Hill into the share price with 100 percent ownership. It will be even more underwhelming if we own less than 40 percent of the project(20 million shares).
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If the IPO does get up then the 20 million shares in Saturn...
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