demerger plans: your views

I think its good to split the company, where we'll have a company that focuses on the hot sector: iron ore. And another company that focuses on other metals mainly gold and uranium.

Given Hunan Valin and Fairstar are the largest holders. There could (imo) a swap arrangement, whereby Valin to take Fairstars share in the iron ore company and giving Fairstar its holding in the non-iron company.

Fairstar previously tried to takeover of GWR, so increasing its holding in the non-iron company.

AXM also operates in Wiluna in producing gold, so potential M&A is possible.