The capital investment in the three new ventilation shafts has been charged as expense of production in the period the costs are incurred. This has cost a bundle but now it is complete, the bottom line is going to be jumping up sharply. The tax credits are mostly used up now, and soon there will be a tax deduction, but this would allow franking credits in any dividend distribution.
MLX Price at posting:
45.0¢ Sentiment: Hold Disclosure: Held
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