How much of the increased Earnings is due to the A$ Gold price prevailing over the year?
How efficient were Management in hedging their Sales?
The Company's share price has halved since the A$ Gold price peaked ... mind you, I'm sure that had a lot to do with the hype generated with the A$ Gold price peaking.
Shorts keep falling. They must have taken advantage of the Gold flash crash.
Gold Equities still appear to be a bit affected by the Gold flash crash. Its a tentative recovery. Yields on US 10 Year Treasury Yields continue to go nowhere but down. HSBC publicly stated recently that they will fall to 1% and stay there for CY2021 and 2022. That should support the Gold price.
I wonder if the Vanguard Group decided to sell all their SLR shares and if that's the reason for the weak share price. Maybe they have advance knowledge of impending M&A activity in the Australian Goldmining sector, as The Australian article alluded to yesterday?
BGL? It would want to be at a good price given the current SLR share price. It would seem a mutually beneficial merge but I wonder what synergies be released other than the obvious ones.
The Tax Benefit is irrelevant. Just let it go. I wish they wouldn't mention it. It certainly isn't money from the ATO. Its just an accounting entry.
The good news (in 2020), was that the BOD saw the tax losses as definitely recoverable and were able to bring the tax deferred benefit to account as an Asset in there Balance Sheet, much the same as Cash at Bank.
A Company's Statutory P&L deals with transfers to/from the Equity section of the Balance Sheet. Don't dwell on it, you'll just give yourself a headache.
The $123,742 represents 30% of the total accumulated deductible tax losses. The $42,995 represents the notional 30% tax on the Company's 2021 taxable income.
The 2021 NPAT was $141,200 (141,296+3,818-3,914). In 2020 it was $133,133 (133,185-52).
