In the Notice of Meeting there is some details regarding the tax position which I think the market has been waiting for.
"Preliminary advice received by Directors indicates that, subject to specific requirements and tests of the Income Tax Assessment Act1997 being met, the receipt of funds by way of a dividend from Warrior is expected to be tax free to DMG. In order for the dividend from Warrior to be tax free to the Company, it must be paid after 1 July 2012. For it to remain tax free to the Company, the Company must pay the funds to shareholders by way of an unfranked dividend"
Based on my calculations that is approx 0.60c after conversion of in the money options.
Load up!!
DMG Price at posting:
42.0¢ Sentiment: ST Buy Disclosure: Held
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