Lol...I think you missing the point they do not have to pay out any cash!!!
Disclaimer I’m no Accountant but I will try and explain.
There is a 60-70m tax input credit sitting on the company books, worth the equivalent of almost .08c a share from the 50% sale of Gruyere.
What that means is shareholders may be able to be given a tax input credit without it costing GOR a single cent of cash in bank.
DYOR but this amount sitting in GOR on it’s books is in essence it is making the share price .08c lower than current prices to any potential vulture.
JMT By somehow distributing/transferring it to shareholders they benefit, especially if they are retirees or a superfund.
Zero impact to companies cash position!
Good luck to all holders.
Cheers Aussie
Lol...I think you missing the point they do not have to pay out...
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Last
$1.59 |
Change
-0.020(1.24%) |
Mkt cap ! $1.722B | |||
| Open | High | Low | Value | Volume |
| $1.62 | $1.63 | $1.58 | $6.790M | 4.260M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 10288 | $1.59 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.60 | 5848 | 1 |
View Market Depth
| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.59 |
Change
-0.020 ( 1.10 %) |
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| Open | High | Low | Volume | ||
| $1.63 | $1.63 | $1.58 | 1171576 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
| GOR (ASX) Chart |