After miningnuts post yesterday I went back through all the ANNs to see if I had stuffed up again but couldn't find anything. However this morning whilst watching the Olympics in the early hours I thought I would trawl the BRR media transcripts and BINGO.
May 20th 2012 transcript to quote Andrew Woskett in answer to the question from Leide Smits.
So is Minotaur considering anymore divestments?
AW: Yes we are. And in fact, we talked about the kaolin project.... We can do all the early stage work,we can define the resources.... the Careys Well project is as good as any other kaolin project in the world.... that itself should be a very attractive asset for kaolin producers and consumers to buy into.
We are happy to sell that project and get a satisfactory return on the investment that we have made
So there we are it is for sale and the works they are doing over the next 6 months is to send out samples and teasers to attract a buyer.
These guys at MEP keep on proving just how smart and good they are. Go MEP.
kippax
MEP Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Held
