Proposed Spin Out • Sabre Resources is proposing to spin out its...

Proposed Spin Out
• Sabre Resources is proposing to spin out its Namibian assets into a separate company which will complete an IPO and seek a listing on the ASX - the Company will initiate a drilling program at its Namibian vanadium-lead-zinc project to advance the deposit in preparation for the proposed spin out

so any thoughts on the spin out?. My thoughts:
1) can't see reason to do this as a fair bit has been spent on this resource and there is a distinct value if past ANN's can be relied on so why not keep it here and look at also developing it;
2) is it another way of getting more investors and therefore just dollar driven?;
3) concern at the interrelationships that may be created;
just doesn't make sense to my inexperienced way of looking at things!