I am not an accountant. Correct me if I am wrong
GXy required to pay corporate tax for the profit it made by selling the northern half of the project by may 2019 (around (US$ 75miliion)
Currently GXY spending lot of money to develop he southern half of the project in Argentina. GXY is not making a profit in souther half
I think GXY will lodge a tax return at the end of the year and claim some of the money paid in may for the losses made in southern half of the project
If this is correct it's better to spend lot of money this year then GXY will most of the money paid to Argentina governmenr
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- Ann: Financial Year 2018 Results Presentation
Ann: Financial Year 2018 Results Presentation, page-60
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