"The Company has ~$45 million of Australian unused and unrealised losses available as at 30 September 2021. In the aggregate these losses equate to a potential future tax benefit of ~$11m or ~$0.31 per share (of which only $2.0m or $0.055 per share is recognised in our after tax NTA). "
Tax benefit of 31c per share 0.31- 0.055 = 0.255 add this to the NTA 0.969 + 0.255 = $1.224 Current share price $0.74 No wonder people like buying over a dollars worth of well positioned assets for 74 cents! Yes i realise they have to make a profit in order for the tax benefits to be worth something but hey, looks pretty good to me.
NGE Price at posting:
74.5¢ Sentiment: Buy Disclosure: Held
