As the post above quoting a part of the prospectus said we believe the demerger will not attract capital gains however the risk is the government may have a contrary view.
Its likely the new regime have a contrary view.
Looks like they are taking contrary views in relation to taxes on mining businesses.
Barrick, for example got a $417 mill tax bill despite having government certified documents showing the money is not owed.
Its likely the demerger issue causing the problem IMO.
As it turns out it probably would not have mattered even if a taxation ruling had been obtained at the time. Assuming a ruling was not sought.
Although it would help in the case of an appeal.
It would also explain why GF appear not to have been asked for cash.
Its speculation because the ship has no leaks.
I think it will settle...... eventually.
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