Troy made a lot of losses by devalueing mining assets. For tax credits only real losses, mostly operating losses, have to be counted. It is ca. A$100m and at 30% tax rate it is worth A$30m. Half of it seems to be in Guyana though.
Also the royalty in Guyana, a hefty 8%, can be deducted from taxes by special agreement. I don't know if Troy had to tax earnings in Australia and how it would be handled under a double taxation agreement.
I think the Troy entities with existing agreements are way better than anything a newcomer could come up with today.
- Forums
- ASX - By Stock
- TRY
- Ann: Extension of Voluntary Suspension
Ann: Extension of Voluntary Suspension, page-41
-
- There are more pages in this discussion • 45 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add TRY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
SPONSORED BY The Market Online