no doubt the cash will be impacted by paying down the ATO debt. I have no idea what the repayment plan looks like or what the ATO would want. It would be in TER and it's shareholders best interest to repay it quickly as the current interest for ATO debt is 11.34%pa.
my high level calculations, they owe around $41 million for the 2023 tax return as at 31 Dec 2023. TER would be paying around $12k a day in interest.
really annoys me that they successfully paid of the Ransly's Mongolia debt when coal was high, but due to poor management, they have now created a debt due to stupidity and greed.
Ann: Quarterly Report - January to March 2024, page-12
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Last
22.0¢ |
Change
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Mkt cap ! $176.2M | |||
| Open | High | Low | Value | Volume |
| 22.0¢ | 22.5¢ | 21.5¢ | $186.2K | 844.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 3 | 45175 | 22.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 22.5¢ | 218964 | 8 |
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| Last trade - 16.10pm 07/06/2024 (20 minute delay) ? |
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22.3¢ |
Change
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| Open | High | Low | Volume | ||
| 22.5¢ | 22.5¢ | 21.5¢ | 707863 | ||
| Last updated 15.59pm 07/06/2024 ? | |||||
| TER (ASX) Chart |