I am ok about Reinvesting earnings in the business for 5 years plus for acquisitions, growth etc.
Also because we have offshore earnings divs will not be franked. Capital growth however has a 50% discount on profits of shares held for more than 12 months.
I see the ann said to advance and realise the value of the Lithium. That looks like they are working on offtakes and finance.
A discovered resource value cannot be included as an asset on the Balance sheet. A purchased asset can be included. Realising value either means a sale, spin off or some other scheme to get the value of the project on the balance sheet.
With the Lithium/EV bull just starting there is no rush.
Will be an interesting year.
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