I think it is a question of balance. The Indonesian Govt is giving away a lot of tax revenue for investment that was probably going to happen anyway given what is happening in the nickle market. The less costly option would have been to provide accelerated depreciation deductions rather than give away 10 years of company tax. But as I said above, as a shareholder, it is fantastic.
Ann: Angel Nickel Secures Material Tax Concessions, page-6
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Last
78.0¢ |
Change
0.025(3.31%) |
Mkt cap ! $3.342B | |||
| Open | High | Low | Value | Volume |
| 77.0¢ | 78.3¢ | 75.5¢ | $5.275M | 6.836M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 46551 | 77.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 93748 | 7 |
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| NIC (ASX) Chart |