Ann: Proposed Demerger of Non Potash Assets , page-2

Well there you go. Spun off. As we knew it would be.

The short version: "South Boulder Mines Limited (“South Boulder” or “the Company” ASX: STB) confirms its intention to undertake a demerger of its non-potash assets, including listed investments as well as cash of $1m, to be held in Duketon Mining Limited (ACN 159 084 107) (“Duketon”). The demerger will be via an in specie distribution of 100% of the shares in Duketon to shareholders of South Boulder on a one for four basis, comprising about 31 million Duketon shares to be issued

Don't know enough about demergers. Would be interested to hear input as to What this means. I read it as for every four shares held in STB we will receive 1 share in Duketon.