I haven't been paying much attention to my GBR holding, but I received the letter about the priority application for Cosmo metals shares as part of the demerger IPO. Can someone please explain to me something to me that I am obviously missing? Are we essentially invited to buy shares in a company that has split from GBR, but that we fully owned until the demerger? What does GBR get out of this in return for the assets that it has let go? Otherwise it seems we are asked/invited to buy something we already owned. Pardon my total ignorance in this subject. Are the Cosmo Metals assets attractive?
GBR Price at posting:
13.5¢ Sentiment: None Disclosure: Held
