Ann: 2013 AGM Presentation , page-2

Well there's CSE opinion of the after tax vale of their SYR shares:

Total liquid assets of $23M after tax

This incl $1.75Mcash.

So SYR after tax value must be $21.25M

Which is pretty close to what some others suggested.

Preso also suggests no near term plans to sell off anny SYR shares, but med-long term the plan is to pay a large franked dividend or capital return.

Cdchi1