Investor Q&A22 Dec 2016 09:51
Even with clarification this this still doesn't make perfect sense:
Now that completion of the CD Capital transaction has taken place (24 October 2016), the Company will seek to distribute 90% of Metminco’s holding in LCH, held through Hampton Mining Pty Ltd, to shareholders within 6 months. The value add to shareholders will be realised through the completion of the planned Pre-Feasibility and Feasibility Studies with the potential outcomesincludingthe listing of LCH as part of a development strategy and/or a sale of LCH returning capital to MNC’s shareholders.
I think I'd prefer we just had the cash than let Howe get his hands on it.