from memory in the scheme, DTE have 195Millon of tax loses, and estimated 12 Million in costs to wind up, which the scheme put in as no value, as there is nothing to deduct it against.
As a DTE holder I would like to have an option attached for all DTE holders will have access to a listing or sale of DTE Australian Assets. IGAS don't miss out on anything as they are in the scheme at no value and IGAS are UK based.
IGAS could list the assets as IGAS ASIA, and ex DTE holders would have a holding in it.
I could see there is value for a Aust based Gas company to buy DTE Australian Assets to gain a $195 Million Tax loss.
Just my view, not a recommendation.
DTE Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held
