Obviously if you provide information to the market you're also providing that information to the Thai Govt negotiating team putting our two man team at a disadvantage if the market can freely work out what our FY25 profit is likely to approximate - our team might be trying to negotiate lower gold royalties for example (currently an unsustainably high rate of 20%) but would be knee-capped if the expected FY25 result was above a certain level currently expected by the Thais. And these negotiations would be currently coming to a head as they have to be complete and then signed off prior to probably mid-Sept so TAFTA can expire by 30Sept as currently proposed.
So it's to our benefit if we don't put our guys at a disadvantage to negotiate the last of any financial sweeteners now as there won't be any more after 30Sept
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$1.33 |
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Mkt cap ! $342.8M |
Open | High | Low | Value | Volume |
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1 | 4244 | 1.310 |
1 | 28000 | 1.300 |
2 | 21079 | 1.285 |
2 | 19055 | 1.270 |
Price($) | Vol. | No. |
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1.330 | 2996 | 1 |
1.340 | 4244 | 1 |
1.345 | 4244 | 1 |
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