Hi All.
The following is an extract from Delta EMD's press release of 15th Dec for those of you who could not find it.
"The board anticipates payment of further special dividends when the cost of rehabilitating the Kooragang Island residue disposal facility is determined, when the 2005 tax query is favourably resolved and when value is realised through the sale of the Group’s Australian EMD production site and Kooragang Island residue disposal facility. Opportunities for realising value from the sale of the Group’s land, plant and equipment in Australia continue to be developed with favourable prospects." The Group’s Australian EMD production site is of course the Newcastle plant.
As said above Delta looks at the site sale as having "favourable prospects".
Now to get that $30 million to buy and get it producing after the due diligence study.
Cheers.
Hi All.The following is an extract from Delta EMD's press...
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