Tax credits do not have to be share issue related, they can be used for debt funding as well. What say they decide to raise an investment bond for developing a DFS on YIN? Buyers could be offered a bond paying interest that could be offset by the tax credit or fund the decision to mine at Mangaroon JV. Many options come to mind.
We dont know but this is still a significant benefit (sweetener) for a future funding package (cr, debt, buyin by insto)
I am sure Potters or Goldmans are working up how best to use this.
BTW. The quantum of this should be read. Tax credit of $1.357m at 27c = $5m funding package fully franked. Can raise higher but would not be fully tax free.
Very positive IMO
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1.7¢ |
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Mkt cap ! $60.11M |
Open | High | Low | Value | Volume |
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1.7¢ | 1009827 | 4 |
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15 | 3890333 | 0.015 |
8 | 2643642 | 0.014 |
3 | 2098888 | 0.013 |
4 | 1142583 | 0.012 |
Price($) | Vol. | No. |
---|---|---|
0.017 | 1009827 | 4 |
0.018 | 710000 | 3 |
0.019 | 1569800 | 4 |
0.020 | 115828 | 1 |
0.021 | 186026 | 2 |
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