Galaxy is currently exploring the opportunities of a potential refund of turnover taxes paid and rollover relief on corporate tax payable
- US$67.3mm tax payable in May 2019
Option 1Galan GLN raised $4m + $1m current cash.
Current market cap $40m. Offer $50m.
$50m less 30% tax offset = $35m (of which $5m is cash)
net cost to GXY Au$30m or US$21
Option 2Lepidico LPD $8m current cash.
Current market cap $120m. Offer $150m.
$150m less 30% tax offset = $105m
Less 12% already owned ($18m) = $87m (of which $8m is cash)
net cost to GXY Au$79m or US$56m
Note: Not sure if rollover relief on corporate tax for asset acquisitions requires to be Argentinian domicile.
Management have said they are considering rewarding shareholders.
Option 3
Buy back
The key to this quarterly will be tax minimisation strategies
- Forums
- ASX - By Stock
- Banter and General Comments
Galaxy is currently exploring the opportunities of a potential...
-
- There are more pages in this discussion • 15,521 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GXY (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online