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2.9¢ gindalbie metals ltd

It will be a far a way future before Karara pays tax. Along...

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Bundy_Too

4,331 Posts.

317

19/06/19

20:33

Post #: 39140563
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Originally posted by Ncept6 ↑

Shthcop, using your calculated figure of A$223 Million p.a. for the pre tax profit and allow for 30% corporate tax as a rought basis, the profit after tax p.a. roughly would be A$156 Million.
Now if the Shareholders vote down this deal and offer GBG to Ansteel in one year's time shareholder's can pay themselves at the rate of 11cents per share!

And that's not it. An Independent Expert report would look way different with this profitability AND Future Profitability in the equation which the current report totally ignores, and the offer price would have to be higher that 11cents!

compare this to the paltry 2.6cents on offer!

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It will be a far a way future before Karara pays tax.

Along those lines ...... How many squillions in tax deductable losses is our board gifting to Ansteel?

VOTE NO NO NO

GBG Price at posting: 2.7¢ Sentiment: Hold Disclosure: Held
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