MAY 4.35% 2.2¢ melbana energy limited

Ann: 2023 Annual Report to Shareholders, page-25

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    A couple of interesting tit-bits in the report:

    1. They are currently carrying $187,220,307 in unused tax losses. The potential tax benefit is $46,805,077. In other words, several years of production will be not subject to tax.

    2. For some odd reason they paid $312,648 in bank fees! (Conspiracy theory: to Credit Suisse?).

    3. Erol and Dean are paid the same amount (to the dollar).


 
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