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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Last
97.5¢ |
Change
-0.030(2.99%) |
Mkt cap ! $2.394B |
Open | High | Low | Value | Volume |
99.0¢ | $1.02 | 97.0¢ | $7.384M | 7.433M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 81877 | 97.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
98.0¢ | 90962 | 26 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 75586 | 0.975 |
29 | 525457 | 0.970 |
22 | 604249 | 0.965 |
31 | 779346 | 0.960 |
11 | 747880 | 0.955 |
Price($) | Vol. | No. |
---|---|---|
0.980 | 87746 | 24 |
0.985 | 200491 | 11 |
0.990 | 157597 | 10 |
0.995 | 110326 | 4 |
1.000 | 166674 | 8 |
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