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I've previously (tipsily) commented on how this could be structured/workout if you want to look at my recent posts.. should only be a few ago. Re-listing with no intention to actually proceed as a company would be pointless and a waste of funds, whilst a significant portion of the shareholder base are more likely to want to sell their shares for a CGT (and ensuing 50% discount) event. Most logical imo is company remains unlisted once buyout capital is received and offers a buyback or combo of buyback and dividend.
Buyback allows SH to exit with CGT, and reduces the register. SH can choose to take up 100% or less of this if they still wish to retain exposure to future earnings/dividend. Any leftover cash from SH that don't take up the offer can be distributed via dividend to remaining SH. If royalties are a part of the buyout, company then looks to on-sell these to a royalties focused company, i.e. Deterra as a scrip deal. Gives those SH that hold out ongoing exposure to the project (and any others from the purchaser), as well as (assuming it's a listed co.) liquidity to be able to exit at a suitable time to them.
Wraps up AVZ cleanly; means BOD temporarily out of work, but if we all get what we deserve they shouldn't need to work again.
