Raider, the 75% of Cultana and 50% of Myall Creek are still...

Raider, the 75% of Cultana and 50% of Myall Creek are still substantial core assets.
after disposing of O&G then minerals and exploration are the next substantial asset.

I was wondering about giving 5 weeks notice and not the minimum 30 days - 30 days equates to Thursday June 4.
I suggest the reason is the Queens birthday weekend in east coast and ASX is closed on the Monday - so that would be messy with the record date if last day of trading cum entitlement was the Friday 5th.

Anyway, assuming the demerger vote passes [and it should easily pass] then there is only 1 day of trading cum entitlement.

This gives SER holders the opportunity to better manage their ATO obligations as can sell any SER in June 2015 or keep until next financial year.
Selling early July 2015 means the ATO giving an interest free loan until May 2017 on any CGT payable on profits - something that I think is important.

Ionic listing late 2015 is fine by me as gives me more time to fund the IPO.

Don't be surprised to see some Graphene announcements over next 5 weeks and early seed capital into Ionic to speed up property leasing.