divestment of australian assets

What does everyone think?

Personally I think it is a con.
Why should we have to pay for something we already own?
GRY stand to hold 18% interest in the spin off to be named Renaissance. So in other words we are giving away the remaining 82% of the value of the australian projects, unless we buy into the IPO.

On the positive side it means that gry can focus on the gold projects in West Africa and not spend $ on the australian projects.