swan blocks chinese takeover of oz mine, page-140

"The mine may be sold to a new buyer or run by a spin-off company."

I wonder what the specifics would be. I mean, I would hope they can sell the company and existing shareholders have the option to hold onto PH, seems a whole lot simpler than spinning off a new company. Or is this what they mean by spin-off - a name change, but not an actual new float? If it was a new float, would existing holders be guaranteed to get preference over new holders - would be rough to compete against people trying to turn a quick profit on a float.

To sell PH in current climate when no longer need to (because of cash from sale of rest of company), is a stupid idea. If PH may be sold to a new buyer, begs the question why couldn't it have been sold in the first place? I'd vote it down in a flash.