Ann: Market Update, page-20

Fooked if I know how a company that LOST $250 million on a failed gold mine can have a deferred tax liability,

Or that selling the Leo holding today (40 cents?) would incur CGT when the IPO was at 70 cents....and the ATO made a ruling at the time that Leo was worth X % of the combined value. I don't recall what X was but surely it wasn't lower than 40 flippen cents?

Not that it matters given we'll still very likely be a party to arbitration come Feb next year anyways given how long that takes to even get to first hearing....


May as well write this off in our minds tbh.