KAV/POW JV23 Feb 2021 16:03
There is talk on advfn about the listing of the KCB/Ditau JV. Skiboy (who imo is well informed) has heard "chatter" that it will be a standard list on LSE and that a prospectus is being worked on by lawyers....
If so, I am pleased that it won't be AIM listed - might appeal to Instos that don't touch AIM. I do wonder how many of the shares KAV holders will get. Obvously we have 50% of the JV but there will be more shares raised for working capital, so I speculate that we might get (substantially?) less than 40%, but if any one has an informed idea, please comment!
There are worse times to be floating a copper/RE commodity play, so lets hope it gets a good valuation. Then of course, there is impact on KAV shares of "losing" the assets! So long as my holdings in KAV plus NEWCO is usefully more than KAV pre spin off, I guess we are winners...