Wednesday, May 05, 2021 6:16:56 AM
1) Rouge wants to get rid of EAC so that they can list (why would a mining company own a museum?)
2) EAC is loosing a butload of money, so they want to get rid of it
3) The government wants to own 100% of the museum, so first they spin if off and then give a bid (how's the rules in US about this? Can they force us out, and if so, at what price?)
4) They want to send a signal to the market that they're back (i.e expect more spin offs), although they could have done this with a small cash dividend instead
Other options I have missed?
And how does this fit into the promise a financial filings soon? Why spin of before the filings? Will we get filings for FY2020, or post spin-of?
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