Agreed, I'd prefer 100% exposure on Sybella without the (albeit nice) steak knives convoluting the story. I've found the market only really values one project in a company's arsenal. They had a lot of green field exploration projects on the go as they were looking for the next tier 1 after Maronan so it made sense at the time. Now they have found it in Sybella which aligns their messaging at RIU conference around the focus going forward. Either flog off MMA shares and turn it into cash or spin Sybella out. If I wanted Maronan I'd buy MMA.
Red Metal Banter, page-292
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