Gday All
Below is part of announcment re Divie 8-10c.
Im pencilling in 8-8.5c which equates to about 50M return.
Cheers DPH
ASX Announcement
13 May 2010
A$135M sale of Lady Annie Project progressing
towards completion
Key Points:
Cape Lambert has agreed to sell Lady Annie in
Queensland, Australia, to China Sci-Tech for a total
consideration of A$135M,
FIRB approval has been received, with the final key
condition of the sale, China Sci-Tech shareholder
approval, to be sought on 28 May 2010,
Subject to China Sci-Tech shareholder approval being
received and all other condition precedents being fulfilled
or waived, sale completion is scheduled to occur as soon
as possible after 28 May 2010, and
Cape Lambert intends to make A$0.08 to A$0.10 return to
Shareholders following receipt of the sale funds.
http://www.aspectfinancial.com.au/docserver/01063518.pdf?fileid=01063518&datedir=20100513&edt=MjAxMC0wNi0wOSsxOTo1MDozNSs0ODArNDI2MTArYW5kcmV3d2VzdCtyZWRpcmVjdCtodHRwOi8vd3d3LmFzcGVjdGZpbmFuY2lhbC5jb20uYXUvaW1hZ2VzaWduYWwvZXJyb3JwYWdlcy9wZGZ0aW1lb3V0Lmh0bWwraHR0cDovL3d3dy5hc3BlY3RmaW5hbmNpYWwuY29tLmF1L2ltYWdlc2lnbmFsL2Vycm9ycGFnZXMvcGRmZGVsYXllZC5qc3A=
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