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
4.8¢ |
Change
-0.002(4.00%) |
Mkt cap ! $73.18M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.7¢ | $186.2K | 3.865M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 719160 | 4.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.8¢ | 30612 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 719160 | 0.047 |
3 | 280000 | 0.046 |
4 | 71000 | 0.045 |
1 | 15555 | 0.044 |
2 | 260790 | 0.043 |
Price($) | Vol. | No. |
---|---|---|
0.048 | 30612 | 2 |
0.049 | 470000 | 4 |
0.050 | 1706336 | 3 |
0.051 | 400000 | 1 |
0.052 | 20000 | 1 |
Last trade - 16.10pm 09/07/2024 (20 minute delay) ? |
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