should we sell vanmag, page-7

This shit is confusing...anyone remember seeing Golden Falls Trading in last years financials?

This is an extract from what i assume trubs located on the internetz?

"Vanadium and Magnetite Exploration & Development Co. (Pty) (Ltd) In January, 2007, we concluded a written share sale agreement with Golden Fall Trading 565 Ltd to sell its 66 2/3% interest in the VanMag. We decided to sell the subsidiary as we were able to realize a substantial gain on original investment. The original selling price was $9,000,000, which was subsequently revised through a number of addendums. The assets sold consist primarily of prepaid royalties, and the buyer also assumed intercompany loans, including accrued interest. VanMag's pretax income (loss), reporting in discontinued operations, for the years ended June 30, 2007 and 2006, was $294,064 and $(4,637), respectively. VanMag is classified as discontinued operations for the years ending June 30, 2006 and 2007"

Link....
http://google.brand.edgar-online.com/EFX_dll/EDGARpro.dll?FetchFilingHtmlSection1?SectionID=6405649-7097-16878&SessionID=4a_7FWRH7j5iX_7

I dont have time to read this crap tonight...HB maybe you can do the research and report back?