Perhaps I’ve missed it, but it seems to me that all of the focus on the recent peso depreciation and tax increases has been trying to assess the impact on net margin. This ignores the much bigger effect on the cost of the stage 2 expansion. Much of that cost - does anyone know the proportion? - is on the pond works and so will be priced in pesos. As a result of the peso depreciation exceeding inflation, the cost of the expansion has fallen, a lot, and there’s no tax on that saving. All being well, stage 2 will start to deliver after the new tax has expired, so a win win for Orocobre.
- Forums
- ASX - By Stock
- AKE
- Ann: Temporary Argentina tax changes
Ann: Temporary Argentina tax changes, page-65
-
- There are more pages in this discussion • 12 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AKE (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online