The thing to remember here is that it is returning cash from a...

The thing to remember here is that it is returning cash from a sale of an asset. That is that whilst you will recieve cash you also loose some of the value of the company so in theory the company is worth $2 less.

Whilst the company has some new assets ramping up one would expect to see the share price drop in line with the return upon entiltment date.

We should see some price appreciation dependant upon the tax ruling. It will not have any similarity to a dividend and probably the most likely is a reduction in capital which for long term holders means a reduction in initial cost base meaning they get the immediate benefit of capital gains reduction. If there is any franking credits I would imagine it will only be a very small amount.

The price will move by the value of the tax ruling but will go nowhere near $6 based on this alone.

Hope I am entirely wrong and it does reach $6 but I think it will be lucky to reach $5 in thr short term. Long term it has definite promise with it plans coming to fruition.