I don't think I missed the point. To utilize the accumulatrd tax losses AGO, or the acquirer or AGO, must continue the current business and produce profit. The likelyhood of it is very small and the IE report was at pains to explain this.
The next AGO financial report is likely to include impairments and operational losses. Taxation losses will increase and according to your valuation the value of the shares will increase.
This is absurd.
The path to realise taxation losses is through profits and lately they are not easy to come by.
Ann: Target's Statement and Independent Expert's Report, page-46
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