Cezary - I read this as positive & the plan to float the seperate Wood projects via an existing AIM shell co. will help define value. I added 70k this am - I am surprised the response to this is so muted so far?
"Following the proposed acquisition of PCC, and in view of the rapid progress
made by LNR in building a significant presence in this rapidly developing niche
of the alternative energy market, the Board of LNR announces that it is
currently deliberating how best to maximise the opportunities available to its
expanded wood pellets operations, through the potential de-merger and separate
listing of the business.
As a first step in this process, LNR has entered into
Heads of Terms with Fortfield Investments plc ('Fortfield'- AIM: FIV), an
AIM-quoted investment company, which provides, inter-alia, for Fortfield to take
an initial stake in LNR's wood pellet operations and, subject to due diligence,
to acquire these operations from LNR through the issue of Fortfield equity to
LNR, thus achieving a separate listing of the division."
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