Can someone please explain a few things to me or retrace what figures people had been speculation over the last few days regarding a special dividend or outcome of a cash sale of our project?
1. Initial $107.5m AUD offer (cash) - If this is the one to be accepted that leaves an After-tax amount of 75.25m AUD to be distributed as a special dividend (minus any funds withheld to go exploring again?)
2. Upon going ex-dividend date im assuming the SP would tank to any post-Li deposit price (from memory we traded at 6 cents?)
3. If we were to have after-tax considerations of 75.25m AUD would that be divided by our shares on issue which i got from annual report of around 178m shares? (plus i also saw 27.35m options still to be issued in the money..) giving overall estimated shares 205.35m (please correct me with current figures if possible as i know there were number of additions at the AGM)
Leaves us around 36.65 cents per share as a special dividend provided no funds are held to acquire new projects etc?
BGS Price at posting:
39.8¢ Sentiment: Hold Disclosure: Held
