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
79.0¢ |
Change
-0.045(5.39%) |
Mkt cap ! $1.915B |
Open | High | Low | Value | Volume |
83.0¢ | 83.0¢ | 78.5¢ | $12.14M | 15.14M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 66493 | 79.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
79.5¢ | 86000 | 4 |
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No. | Vol. | Price($) |
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5 | 66493 | 0.790 |
14 | 588431 | 0.785 |
33 | 525917 | 0.780 |
9 | 1163780 | 0.775 |
17 | 410672 | 0.770 |
Price($) | Vol. | No. |
---|---|---|
0.795 | 20000 | 2 |
0.800 | 42561 | 6 |
0.805 | 20000 | 1 |
0.810 | 155511 | 6 |
0.815 | 28211 | 3 |
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