CXO is effectively paying a tax credit (similar to the credits you get attached to a franked dividend) of $0.0000848 per share.
Say you have 1,000,000 shares = $808.48
This will reduce tax payable and can be refundable if it is excess to your 30 June 2017 tax liability.
IMO!
Ann: Exploration Development Incentive, page-14
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Last
13.0¢ |
Change
0.030(30.0%) |
Mkt cap ! $278.5M | |||
| Open | High | Low | Value | Volume |
| 10.5¢ | 13.3¢ | 10.5¢ | $5.604M | 46.76M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 33 | 3763976 | 12.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 13.0¢ | 618853 | 5 |
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| Last trade - 16.10pm 30/09/2024 (20 minute delay) ? |
| CXO (ASX) Chart |