Ann: Centaurus To Divest Non-Core Gold Assets Int, page-4

re: Ann: Centaurus To Divest Non-Core Gold As... Hi richyoung
Re divestment of non-core gold and base metals assets in Australia.
I think this is good for CTM-
1.Concentrates their energies on iron ore in Brazil.
2.Appears to leave Citadel and Snake Creek projects in Australia.
3.Appears to leave Cacapava project in Brazil.
4.Gives CTM shares and performance options in Southern Crown Resources.
5.Expected to give CTM shareholders priority entitlement in new IPO.This could be valuable depending on what other assets are introduced into the IPO.
6.Demonstrates that CTM is steadily making progress and is seriously moving forward step by step.
--IMO CTM is a very good long term buy and hold.