Do we have any previous history of this happening with other companies? Examples would be nice.
"On or around the 30 June when LTR goes into production the accounting rules change.No longer can expenses be capitalised, now the plant is depreciating and all expenses over the last 7 years-ish need to be provisioned.Which leads to a massive tax loss of (say) $2 or $3BWho needs a tax loss of that size?All of the big Cheque Books.A Prime Asset subsidised by the Aussie Tax Payer."
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