$20m in Tax credits.......How many times did we hear that over the years......?
Yes WRM have to make a profit before that could ever be used.....How long could that be?, but it would be there for way down the line if needed if the merger takes place....
IMHO with AUL being a total failure in all departments WRM is 1 of 2 things imho.
1. Entwinning management/directors have too much money to lose together with close ties to soph investors and are doing a big favour to get out of trouble and the sops will again be used somewhere down the line
or
2.We will see some volume with and a small appreciation in SP and we will see some late "change of sub notices" when the off loading is done..
Why would WRM want anything to do with this land is beyond belief and it is my opinion that "some are gtting a hand"or once again the whole lot will fall down again and AUL will have $4m in the bank and a couple of years to come up with a different play altogether."Lithium" might be trendy again and create a little pump somewhere, but as far as this land and a shitty plant with more break downs than a 50 yr car the end is very close..
AUL Price at posting:
31.5¢ Sentiment: None Disclosure: Held
