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.
LTR Price at posting:
89.5¢ Sentiment: Buy Disclosure: Held
(20min delay)