That's a pretty good summary Yaq and the reality is that the...

That's a pretty good summary Yaq and the reality is that the asset backing will still be there except that we will be more fully invested in a copper production business rather than swanning around with a truckload of cash.

In one way we will be better off if K (which will chew up a lot of the cash) earns in excess of the deposit rate paid on the money market which I would assess at around 5.5%.

However, DA does need to clear up the issue of the paid dividends v the placement.

I'm sure the answer will be "changing circumstances and taking advantage of better opportunities"...but it would be good if he could wrap some financial numbers around this.