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Ann: Offtake Agreement with Angola's Largest Food Aggregator, page-207

  1. The Alchemist
    1,740 Posts.
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    31/07/23
    12:28
    Post #: 69078057
    The sweetheart tax deal in Angola is way less than Australian tax. To bring the funds back to Australia would incur the difference. Leaving the subsidiary in Angola holding the funds (or any other jurisdiction) will retain more cash for reinvestment. The ammonia / urea plan is a good one for making explosives and superphosphate.
    MNB Price at posting: 11.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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