Ann: Trading Halt , page-20

TRADING HALT
‘An announcement relating to company’s assets’’

There were a few potential hints in the quarterly.

QUARTERLY 1 FEB 212
‘During the quarter representatives of overseas phosphate users visited Korab …. In addition to discussing potential supply arrangements for Geolsec phosphate, these parties expressed interest in other forms of strategic partnership involving exploration for copper and iron ore within Korab's projects as well as potential assistance in developing other Korab’s assets.’

‘Korab has also been approached by a domestic party with a view to enter into joint venture arrangements where Geolsec project would be developed by a third party with Korab receiving royalty payments. ’

Korab cannot sell Melrose because it doesn’t own Melrose.

QUARTERLY 1 FEB 212
‘Demerger of both Melrose and Lugansk from Korab has been approved on 2 July 2010 and since 6 July 2010 Korab shares have been trading without the entitlement to the equity held by Korab in either Melrose or Lugansk. In other words, Korab shares bought on 6 July 2010, or after, do not
entitle the holder to any of the Lugansk, or Melrose shares currently held by Korab. ’

However they do have the same Exec Chairman and share the same offices (as do a number of other companies – MEGALIA) and I find it quite coincidental that the Melrose IOP is cancelled at the same time as this TH.

Make of this as you will.
It’s most likely something completely different.

Good luck to all

Dis