Ann: Sale of Mt Marion equity for A$104M and retention of Offtake, page-5

Gives us the cash to fund Lioh plant and retains the feed stock but stops regular income to NMT,  this may be replaced by income form any DSO agreement being discussed in background, note they are to consider the impact of any company split. Deferring  split makes sense as there would be no income to NMT other than the DSO deal until other NMT cash generating projects come on line.

First thoughts are the deal looks light I’d have expected closer to $160m now MM is producing cash but we do retain offtake rights and clearly there is value in that as feed stock for Lioh plant, with this cash they can easily fund it and shake out another divi in 2019, Merry Christmas to you all, Loop.