Didn't think I would have to explain but here goes.
Until the decision is handed down either way there is no certainty so its a problem.
If I were lending CNE money and there was a, no matter how silm possibility several hundred million in back taxes could land I would want certainty before lending.
The asset the Indians froze is worth FAR less than the tax bill.
I think CNE should win simply because the tax is retrospective......but arbitration will decide.
Ann: Financing update for the SNE field development, page-153
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add FAR (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
49.5¢ |
Change
-0.005(1.00%) |
Mkt cap ! $45.74M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 50.0¢ | 49.5¢ | $80.51K | 161.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 156326 | 49.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.0¢ | 247335 | 1 |
View Market Depth
| Last trade - 15.58pm 27/08/2024 (20 minute delay) ? |
| FAR (ASX) Chart |