operational update now out, page-4

Don't completely understand why/what this announcement was all about.

I'm surprised they are spinning this off at this early stage. I'm also not too keen on getting a big capital injection at this stage either - all that really means is dilution. If they get their share price over 20c, there are around 70mill options that can be exercised.

I don't comprehend the thinking behind what they are doing especially as their capitalisation is so small. There will be more costs associated with it and even lower liquidity. Why can't they just run two completely different divisions and keep it in the same company. BHP doesn't list a new company on the stockmarket for every different mineral that they mine.

Love to hear people's opinions on this announcement - definitely out of left field for me.