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70.0¢ mallee resources limited

I've been a long time holder of MYL and in the end lost just...

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Staunch

1,320 Posts.

214

04/03/24

20:59

Post #: 72740245
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Originally posted by Dr Elephant ↑

Saw my tax agent today, gave her a copy of the email I posted here. She said she had just dealt with another company same issue.
Said should be completly finalised within six months.
Said we should receive a check worth nothing in the nearish term. It may be a cent in the dollar or a cent in 100 dollars.
Said we could write it off now or wait for next financial year, next tax year suits us better. If writing off in last tax year (yes we are pretty slack in regards to our tax) when said final cheque turns up can be can be revised in next tax return.
Because the expected cheque to shareholders will be so inconsequential revising to the tax office next year is a simple task for any tax agent .
Hope this helps, goodbye good luck.

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I've been a long time holder of MYL and in the end lost just over 500K. Depressing to say the least but in every cloud there's a silver lining. I'm not here to cross promote but in the last 12 months I'v been fortunate to have made 420k on a 65k parcel in crypto (who would of thought). There is no comparison and there is a steep learning curve but the opportunities are out there if you're open to it. I will never invest in the ASX again but each to their own. GOOD LUCK ALL!

Last edited by Staunch: 04/03/24

MYL Price at posting: 70.0¢ Sentiment: Sell Disclosure: Held
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