LTR 1.56% $1.30 liontown resources limited

Ann: JMEI - Successful application for 2019/2020, page-13

  1. vmp
    13,159 Posts.
    lightbulb Created with Sketch. 8907
    There may have been a deadline to apply for this govt incentive or program, and they did apply in anticipation. Who wouldn’t do that if it benefits shareholders.
    I suspect this will mean any one participating in a CR during the period jul 2019 to Jun 2020 will get back half a cent up to 2 cents a share purchased depending on the number of new shares issued during the relevant period. That’s free money - well not really free as it is deducted from future entitlement to tax credits from company losses. It’s still good money coming to the hands of the shareholders -as good as declared dividend if we can avail it.

    Not price sensitive but it’s good for our pockets.

    Cheers
    Last edited by vmp: 05/07/19
 
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