1,860,000 (including shares and 60 + 40p options) into 1.5 billion pounds T/O offer will equate to 80p per share. 20/40 pence profit per option profit. 1,600,000 shares (no options) into 1.5million pounds equates to 93 pence per share. A significant extra 13 pence going back to DGR shareholders, and not to Incentive Scheme holders of which NM has currently 31 million options (but expect a lot more to go his way). DGR has approx 12% of SOLG which is approximately 190 million shares. Multiply this number by the extra 13 pence @ 25 million pounds or $46 million Aus which goes as extra profit to DGR company/shareholders. NM will probably end up with around 10% of SOLG after these option schemes are finalized (already has approx 90 million shares plus 20% of DGR's 190million shares (36 million) plus 31 million known options allocated to himself equals approx 157 million shares out of 1,860,000 shares and options available. I strongly suspect another 20 or 30 million will be easily squeezed out of the remaining unknown allotted options still remaining by NM. Therefore, a trusty 150 million pounds (280mA$) of equity extracted out of SOLG...a clear profit of well over 100 million pounds A$190m. Not bad when you have the inside running and total decision making ability. And how much will DGR shareholders get per share in a dividend when all dusted? 1
DGR Price at posting:
12.5¢ Sentiment: Hold Disclosure: Held
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