AOE 0.00% $4.68 arrow energy limited

Uranium,There will be a price/value set for each Dart share, and...

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  1. 23,467 Posts.
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    Uranium,

    There will be a price/value set for each Dart share, and that will become the cost base of each share for any future references. As I said before, the ATO will have to rule on how we will be treating that value, but more than likely, I would be surprised if we were to be charged Tax for that value. But, anything is possible, and until we get the reply from them (ATO), we can only speculate. I have no doubt though, that the cash component will be treated as a Capital Gains Tax receipt, and, depending on the cost base that each Individual Investor paid for his/her's shares, a Capital Gains, or a Capital Loss Event will arise.

    As it is a complex transaction, that is why if the AOE Demerger proposal doesn't go ahead, the Scheme of Arragement will also fail and will not proceed.

    Hence why, IMHO someone (and I would not totally discard the Management either) has been doing something funny in the background with the Instos and NAB, to gain that very important 75% of the people present at the AGM with a total of 50% of the shares to gain that advantage support. The reason that I am saying this, is because while all of these funny trades, shorting, and lending of shares, our Management has remained very silent about it, and once upon a time when someone rang, no one returned his call.

    If we could only stop that Demerger proposal, we would all be home and hose. It will then all fall flat on it's face.

    Buddy
 
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