Another step in the right direction. Details are scarce and will...

Another step in the right direction. Details are scarce and will be interesting what they are if we will get to know.
"The net result of the divestment is anticipated to result in a non-cash profit to the Group. Following completion, the St Barbara Group will have no residual provisions for environmental or rehabilitation liabilities relating to the Gold Ridge Project"

Interested in others thoughts about detail. Mine include :-
1. Debt overhang -portion will be part of deal reducing SBM future obligation which under current circumstances would not be supported by SI production or reducing exchange rate.
2.Rehabilitation overhang - only new water processing plant to be built at SBM cost. Future obligations to cease.
3.Sizable inventory value to be transferred hopefully recognising an improving gold environment .
4.Transfer of high cost operation besieged with numerous ongoing issues that has bled SBM for a long time and would probably continue for some time to come if no deal.

Overall , seems very positive on face of it . Would increase organisations focus & productivity which would help in this changing environment .Will be better placed to take advantage of opportunities. Hope so anyway.