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I don't think that is correct. Not all is Sarawak smelting...

  1. HiDiHi
    344 Posts.
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    01/09/22
    10:21
    Post #: 63455282
    I don't think that is correct. Not all is Sarawak smelting profit. You can't just gross up the 60mm US$ from 75% to 100%. And obvioulsy they will need to take debt onboard to pay for it as well (best case scenario).

    I am more intriged about the big deferred income tax expense for Sarawak whereas they should have a tax ruling.
    Last edited by HiDiHi: 01/09/22
    OMH Price at posting: 69.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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