so 8% tax, you would say that would be the maximum loss possible if we assumed straight bottom line impact of 8%
But 45% of production is peso denominated which is 90% devalued, meaning our margin is going up as our sale price in USD vs a cost price in PESO.
And what do we get, 12.3% crash in stock price... Hilarious if it wasnt so painful to watch.
Oh well, greedy when others are fearful, I have topped up
Ann: Temporary Argentina tax changes, page-26
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