lcy spin off company.

LCY are looking at their non-core assets - analysed a number of options, with the most likely being the spinning off of the gold assets into a separate ASX listed company (“NewCo”), and an in specie distribution of shares in NewCo
to all Legacy Iron shareholders.

Funny that LCY is looking at doing what HAW had proposed doing in January 2012.

I would like to think HAW could now finalise the SSP proposal.............use the funds provided by SHs for the use agreed to. If not Mr Garbutt what is going to happen to the $5 million?????