UMC 0.00% $1.30 united minerals corporation nl

asx 300 announcement, page-39

  1. 3,482 Posts.
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    bungy,

    Can you, or anyone else for that matter, elaborate on the bauxite spin off in-specie distribution.

    what exactly does that mean.

    am i right in thinking that we sell the bauxite tenements(?) to xyz company for $abc and then UMC distribute that to the shareholders?
    if so, what value on the bauxite as we don't yet have a resource there.

 
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