A40 0.00% 8.2¢ alita resources limited

Ann: Appointment of receivers and managers, page-30

  1. vmp
    13,206 Posts.
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    The receivers are what they’re called, as legal eagles, they’ll fly high with all monies they can take including every coffee and coughing time.

    Very unfortunate. The market is brutal. But don’t think your a40 loss is a 100% loss, it can be used to offset future gains, so effectively one lost the equivalent of approx 60% of his investment. Tax is a big thing in investing so having carry forward losses will cut future tax exposures. I hope holders will find the next winner. Your luck can start next week. Check out another super undervalued company soon with over 100MT (or over 4x a40) high grade resource with zero debt, fully funded in the next 18 months run by astute and frugal with super thick skin in the game management. One of the best undervalued company in the west.
    Best wishes to all a40 holders.
    Last edited by vmp: 30/08/19
 
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