CLE 0.00% 0.1¢ cyclone metals limited

what price the div will be?, page-10

  1. DPH
    315 Posts.
    Gday All
    Below is part of announcment re Divie 8-10c.

    Im pencilling in 8-8.5c which equates to about 50M return.

    Cheers DPH

    ASX Announcement
    13 May 2010

    A$135M sale of Lady Annie Project progressing
    towards completion
    Key Points:
    Cape Lambert has agreed to sell Lady Annie in
    Queensland, Australia, to China Sci-Tech for a total
    consideration of A$135M,
    FIRB approval has been received, with the final key
    condition of the sale, China Sci-Tech shareholder
    approval, to be sought on 28 May 2010,
    Subject to China Sci-Tech shareholder approval being
    received and all other condition precedents being fulfilled
    or waived, sale completion is scheduled to occur as soon
    as possible after 28 May 2010, and
    Cape Lambert intends to make A$0.08 to A$0.10 return to
    Shareholders following receipt of the sale funds.

    http://www.aspectfinancial.com.au/docserver/01063518.pdf?fileid=01063518&datedir=20100513&edt=MjAxMC0wNi0wOSsxOTo1MDozNSs0ODArNDI2MTArYW5kcmV3d2VzdCtyZWRpcmVjdCtodHRwOi8vd3d3LmFzcGVjdGZpbmFuY2lhbC5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZ0aW1lb3V0Lmh0bWwraHR0cDovL3d3dy5hc3BlY3RmaW5hbmNpYWwuY29tLmF1L2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvcGRmZGVsYXllZC5qc3A=
 
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