I have been looking for information regarding cost base changes as a result of Doray Mineral - Silver Lake Resources merger without success. Kindly share the information if you have. Thank you.
Doray Minerals was listed on computershare - the scheme of arrangement information should be available there if you log in (even if it’s only through the single holding area of investor centre). I can’t see that there has been a class ruling or similar issued. Hope that helps - I haven’t had to look into it any further as we don’t look after any SMSF’s that hold that investment.
We do hold Doray / Silver Lake. I will tell you how I handled it to see if it helps. We bought 8300 DRM at 0.60 = $4980 on 10/10/16. There was a scheme of arrangement with Silverlake and on 5/4/19 we received 5621 shares so I took the cost price as $4980/5621 = $0.885963 with the same date of acquisition of 10/10/16.
I hope this helps.
Thanks so much Stephen. Any update on the cash component? I suspect that the cash component as proposed did not come into effect.
This merger can be processed using the Corporate Action function within Simple Fund 360 (as shown below).
Here are links to the final announcement and scheme booklet -
Based on the final announcement above, there is no cash component so that is consistent with the information provided within the Corporate Action function.
Hope that helps.