Eric Johnson

Yes, it is in a way.

And we talk about they're in a pre-IPO stage.

They've talked about going to the market for an IPO this year.

And I'd really encourage your listeners to speak to an advisor

before going into this, because there will be a lot of hype around this.

There'll be significant hype.

Really do the sums and really put a real tough screen around it and stick to your rules around investing.

So there are some big names in it.

So yeah, Alliston is the fund behind there.

We've got Regal, Archibald Capital.

But don't forget the sums that some of these organisations are investing.

They're like us buying a lotto ticket on the way home.

They're not going to move the dial.

But for some retail investors, and if it does go to market, it will be quite a big ask.

And these are going to be big sums.

Yeah, so they have talked about mid-2026 as a date.

Now...

We don't have a much more indication beyond that.

What they're doing, they're going around at the moment and testing support among big investors in Australia, whether it is viable.

It's said that if the valuation would be about $8 billion, if at least, so this company that