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5.6¢ elixir energy limited

Ann: Contingent Resources Increased by 328%, page-45

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66 Posts.

32

28/05/24

13:34

Post #: 74044518
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Originally posted by BasVermeulen: ↑

I assume that whatever expenses they have had for the project this FY, they can claim this FY. Any expenses incurred next FY can only be claimed at the end of that FY.

That’s my only concern with regards to cashflow, if we going to engage the new mob in July and only pay for it then, we’ll have to wait an entire year to get half of the expenses back. That’s why I thought the program was so well timed initially, as we’d get the rebate pretty much immediately.

There’s ways around it though, for example EXR could pay the new mob in full in June and claim the rebate back immediately

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Thanks,

I guess my concern is that the rebate will cover some part of the entire operations (e.g. including drilling the well), but if the "research" part hasn't been done, can they still claim the non-research/associated activities?

EXR Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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(20min delay)
Last 5.6¢		Change -0.002(3.45%)		Mkt cap ! $67.02M

Open	High	Low	Value	Volume
6.0¢	6.0¢	5.6¢	$52.89K	917.9K

Buyers (Bids)

No.	Vol.	Price($)
6	630147	5.6¢

Sellers (Offers)

Price($)	Vol.	No.
5.8¢	200000	1

View Market Depth

No.	Vol.	Price($)
5	564147	0.056
9	207094	0.055
3	207535	0.054
3	111721	0.053
3	310257	0.052

Price($)	Vol.	No.
0.058	200000	1
0.059	40984	1
0.060	178571	1
0.061	150000	2
0.062	684290	4

Last trade - 16.10pm 05/11/2024 (20 minute delay)

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