To put my statement above into perspective for CYM
And any accountants please correct me if my explanation is misleading.
We borrow $250m for the restart, we would normally have to make a profit after tax of $250m to repay that i.e. $357m before tax profit.
Since CYM have written down losses to the tune of $181m they can make a profit of $181m, offset the written down losses, and repay the debt without paying the 30% tax, that is a benefit of $77m to CYM's cash flow before having to pay tax (258-181=77m)
I am happy for accountants to correct me if i am wrong.
ps this loss could also be used to offset capital gains on the balance sheet too
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Last
3.7¢ |
Change
-0.002(5.13%) |
Mkt cap ! $56.46M |
Open | High | Low | Value | Volume |
4.0¢ | 4.0¢ | 3.7¢ | $69.05K | 1.787M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 444988 | 3.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 303725 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 444988 | 0.037 |
6 | 951636 | 0.036 |
4 | 1140000 | 0.035 |
6 | 649248 | 0.034 |
6 | 1122631 | 0.033 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 224725 | 1 |
0.042 | 232882 | 2 |
0.043 | 300000 | 1 |
0.044 | 600271 | 2 |
0.045 | 465166 | 5 |
Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
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