Ann: Investor Presentation, page-22

I think we are all splitting hairs at the moment and its probably neither here nor there.


Payable Award = US$112.4 + US$4.3 = US$116.7
Subtract Fees = US$116.7 - US$17 = US$99.7
IDA's Share = US$99.7 x 0.624 = US$62.2 (~AU$98.8)

I am guessing IDA would pay out roughly three quarters as a special dividend. Hopefully as a 100% return of capital dividend to minimize tax.

Attempts by Tanz gov to drag it should not affect IDA much as the accumulated interest should cover ongoing legal and general working capital requirements.

At this SP it certainly makes sense to jump in. All the hard work has been done with the decision falling in IDA's favour. Very cheap considering it never got below 0.04 before the award was granted.