20 percent at 25c.
Why not 50% at 10c since we are throwing silly numbers out there?
GCY could sell it to WGX for 20 million which is roughly their Net cash position, then just throw in the new plant, 50 million tax offset and 1 million resources for nothing.
You would think that GCY didn't make 36million dollars profit last FY with all this silly fire-sale Cooky talk.
Ann: Proposed issue of securities - WGX, page-12
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