Buy Cash at Discount, page-12

The total amount of the dividend is $43.6 million. The dividend has not been provided for in the Company’s 30 June 2014 financial statements.

1090.8 million share @ 46 cents = $501.8 million market cap.

$520 million cash backing from 30/6/14.
Subtract $43.6 million.

Total: $476.4 million.

Add 1st Quarter earnings and you'd get about $500 million in total. It's the same as the market cap, give or take a few million.

Either way, it means the enterprise is worthless according to the market. (Forget about the 8-9% divies!)
It's days like these that you can get yourself some great bargains, but do your own research.

;-)