Actually all it means is that 30% of the EXPORT funds are used to re-invest back into Argentina. It's not a tax at all so my initial reaction was incorrect.
Keep in mind that TRY wouldn't export all of it's production.
In fact I'm not sure how much is exported?
I'm guessing that the situation will be the same as Madalena when they say this :-
These changes are not expected to have a significant impact on Madalena as the Company has no existing arrangements or plans to export production, plans for the foreseeable future to re-invest any cash flow from operations back into the country and does not expect the changes to impact Madalena Austral's ability to make dividend payments from after tax earnings.
TRY Price at posting:
$4.47 Sentiment: LT Buy Disclosure: Held
