A couple of issues:
LTR as it moves from construction to production intrinsically becomes more valuable daily.
Not currently reflected in SP which is mostly irrelevant in the short term.
A point not lost on GR.
Bid low (say $2) mop up 5/10% ish, Maybe??
Wait to closer to production and have to revisit $3 ++ expensive.
BUT we have an Event Horizon.
Soon LTR will move from being Under Construction to Production.
This is likely to be around 30 June ish?
NOW the moment a resource Co. moves to production the Accounting Rules Change.
Costs cannot be capitalised as previously, Now need to be Expensed.
Plant & Equipment start to be depreciated etc.
LTR most likely will write down the carrying value of the plant by $1B ish.
Creating a massive tax loss.
Now if GR can grab LTR before June 30 or prior to production the she gets the Tax Write Down.
Who else do you Know who needs a $1B+ Tax deduction, she might even write the plant of entirely,
Then she owns LTR for free paid for by the tax payer...
Just Saying...
Disclosure: I'm not an accountant, just know enough to be dangerous.
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93.5¢ |
Change
-0.050(5.08%) |
Mkt cap ! $2.266B |
Open | High | Low | Value | Volume |
97.5¢ | 97.5¢ | 93.5¢ | $49.48M | 52.51M |
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No. | Vol. | Price($) |
---|---|---|
37 | 2797617 | 93.0¢ |
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Price($) | Vol. | No. |
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94.0¢ | 341986 | 5 |
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No. | Vol. | Price($) |
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21 | 276692 | 0.930 |
6 | 127486 | 0.925 |
18 | 187353 | 0.920 |
7 | 84953 | 0.915 |
16 | 269412 | 0.910 |
Price($) | Vol. | No. |
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0.940 | 26000 | 2 |
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