Ann: Dart Energy Investor Presentation , page-57

Uranium,

That is what I have insinuated under part "B" of my post before.

But, don't forget that a value has to placed on the Dart shares, and that value, although it is based on previous assest that belonged to us ( through AOE), IMHO will still be taken in consideration at the point of sale.

When we will get rid of AOE, like it or lump it, we will have created a Capital Gains Tax Event, and the value of the cash plus the value of the Dart shares will be taken in consideration to determine what we are going to receive.
IMHO if the Dart shares, let's say will be at 50 cents each, we will be deemded to have received 50 cents for every two AOE shares we owned at the time of transaction, and that will become the new cost base of the Dart shares for future references.

You can't say that as you have received something for nothing, when a value has been placed upon what we are going to receive.
If the value base of the Dart shares will be zero, than zero will become the cost base and what ever price you will sell your Dart shares for when you will decide to do so, the amount will all be taken in consideration as 100% revenue profit in the case that you are a Share trader, or 100% Capital Gains if you are a long term holder.
So, whatever value that asset has at the time it will be passed on to you, that value will become the cost base of that asset. And IMHO that cost base if any, will be added to the rest of the transaction.

IMHO, it would be a different scenario if a full Takeover was to take place on a share for share basis or share and cash basis, and let's not get mixed up or confused with that.
But, this is not a T/O, and the Dart shares will be issued to us on the basis of the Assets that we will retain under the new Demerger of the Company.

Hence why the ATO will have to rule as they will see fit and as they will view the whole transaction. Then, and only then, we will know what the outcome will be, and as to whether or not we will be liable for any form of Tax.

As I wrote in my previous post, and I quote: "with the Dart shares there could be a bit of an "if" situation.

Let's wait for what the ATO will rule, and then we will know which way the coin will have fallen.

As I previously mentioned, had it been a full T/O it would be simple to know what we could expect, but as it is a Demerger and a Scheme of Arrangement, the situation is a little cloudy.

One thing that I know for sure having been through it before, is that if AOE would have split the company into two and we would have received shares in both the two new ventures, a cost base for each asset would have been set and agreed upon by the ATO, and no CGT would have arised
as long as it was on a shares for shares basis. But this is a totally different scenario. Believe me.

Buddy