In order for Evolution to carry forward prior year tax losses, it must satisfy strict legislative requirements. Evolution has self-assessed its tax losses against these rules, and as a result Evolution has cancelled approximately $54.0 million of tax losses over several years that it has self-assessed as no longer being available.
The above was not actually lodged with the ASX, but was put on the Evolution Mining website on 23 November 2023 (the same day as the AGM) under 'Announcements' on the Evolution Mining home webpage.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
EVN Price at posting:
$3.68 Sentiment: Hold Disclosure: Held
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