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Ann: Extension of Voluntary Suspension, page-55

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kojak78

1,538 Posts.

1134

03/10/21

12:36

Post #: 56528573
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Originally posted by psiolivier: ↑

At the bottom of page 69 of the 2020 Annual Report you can see the unrecognised tax losses - ~A$35.4m. Per the accounting standards a company is only allowed to recognise deferred tax assets (eg tax losses) to an extent that it is likely that there will be future taxable income against which these assets (losses) can be applied, or to offset any deferred tax liabilities. You'll notice in Troy's accounts they have fully offset their deferred tax liabilities with deferred tax assets.

So the tax losses should be ~A$35.4m + 2021's tax losses.

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Thanks.
Also the Sandstone royalty was sold on part of the tenements.
https://thewest.com.au/business/public-companies/middle-island-looks-to-revive-sandstone-gold-production-plan-c-3334103
The royalty on AME should still be intact.

TRY Price at posting: 3.7¢ Sentiment: None Disclosure: Held
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