MRV moreton resources ltd

$8 MILLION tax bill

  1. 16 Posts.
    lightbulb Created with Sketch. 2
    The AGM presentation didn't seem to have an update on the $8m tax bill MRV received from the ATO that was due for payment in May 2016. Does anyone know what has happened with this ?

    Last update I recall was they received a letter from ATO but no real detail was given in that announcement and that the company was looking to give the ATO a lien or charge over their assets so they didn't pursue the bill yet. Does anyone know if they have given security to the ATO, and on which assets ? If not, wonder if they are paying interest to the ATO on the $8 M and that's what the cap raise is for ?

    Guess it's hard to know cause the Company doesn't really seem to have provided any update on it, unless I've over looked it. Back in August they said they would provide an update in the coming weeks and now it's almost November ....

    Any thoughts anyone or have I missed something ?

    Maybe the update is coming in the quarterly due out any day now ?

    glta
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.