Your post has got me thinking. I am not sure Prospect would have to pay income tax on the sales proceeds for Arcadia in Australia because they would have already paid Capital Gains tax on the sales proceeds in Zimbabwe. To pay tax again would effectively be double taxation. I cast my mind back to 2012/13 when Chalice Gold at the time sold an Eritrean gold project (Zara) to a Chinese company. They paid Eritrean taxes on the sales proceeds but not Australian taxes (off memory). This appears to be similar. Chalice ultimately made a capital return to shareholders as well.
I would be interested in anyone else's opinion on this because as Red Baron has demonstrated it makes a material difference on the ultimate dividend which will be paid. Right now the present share price would suggest Red Baron's assessment is correct. It will be interesting to see what unfolds.
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Last
9.4¢ |
Change
0.004(4.44%) |
Mkt cap ! $52.19M |
Open | High | Low | Value | Volume |
9.1¢ | 9.4¢ | 9.0¢ | $4.225K | 46.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 11978 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.4¢ | 23674 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 11978 | 0.092 |
1 | 5882 | 0.085 |
3 | 38762 | 0.080 |
2 | 55000 | 0.060 |
1 | 60000 | 0.050 |
Price($) | Vol. | No. |
---|---|---|
0.094 | 23674 | 1 |
0.096 | 21978 | 1 |
0.097 | 10406 | 1 |
0.100 | 55500 | 1 |
0.105 | 51000 | 2 |
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