am i right in thinking that if paladin doesnt get 80% acceptance by 27Apr 07 , then those that accepted are subject to cgt. With arevas blocking action this is looking more likely.With a capital gain in the last two years of $5.40 the capital gains tax windfall for the govt, even with the 50% reduction, could be $200m without a cent changing hands, plus you are back to day one for time owning the new share PDN. I hope im wrong.