so we sell the assets for $83.3M, we are left with a tax obligation to take net sale price probably just above $80M. So they hit the performance rights hurdle by so much as a bee's d*ck. You can't make this stuff up.
why do they feel they have a mandate to go chase another asset? shareholders have had enough of this.
return all cash to shareholders.
someone has rightfully pointed out here, the performance right hurdle was for brooks OR Thorsby. Comestible
confident that you might see some event driven funds buy in here and press for full wind-up...
Ann: Cash Sale of Blackspur Oil Corp for A$83.3M, page-33
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