in specie special dividend., page-13

telamelo - Yes for all you questions, we are 'force' to receive these 2 stocks - Albers should hae a 2nd option to minority to opt for cash if they like.But dont worry about Cue, they are 'appraising' the dragons in the year dragon. Cue's Wortel is also about to begin production anytime now. This will add a couple of cents more to the dividend estimates.
And we are not even taking into account Cue's WA 389 Prospect, WPL is desperate looking for gas and if this happen, i dont think Oxx will have enough franking credits to cover a fully franked pay-outs because Cue's SP will be over $1. But the drill only happen in 2Q so no problem, i'm just trying to give some additional background on how your position could play out.



34232 - If the 2nd pay-outs for no other reason, i would hazard a guess that Albers is going to sell OXX to STO if they hit Winchester. (just a wild guess by mine, hope no offence to others ......OMG, just hard to figure out .....Uncle Albers plans are so far ahead of us.


barry - though i'm not a holder of the CB shares but i hope we will not come that stage to receive the tax free dividend payment, i want to see they success in either Winchester or PEP53537. That would enough to put the CB/Oxx ten times the current valuation.

have a great weekend all

Camry