dml deferred tax benefit now $83 million

With 276 million of accumulated losses resulting from write down, At 30% tax rate DML can now offer an acquirer an $83 million income tax benefit. Reduces EV to only $110M.

According to the ATO website losses can be used by a new owner as long a "same business" test is passed

http://www.ato.gov.au/General/Losses/How-companies-utilise-tax-losses/Continuity-of-ownership,-control,-and-same-business-tests/Same-business-test/