It will be a long time before this company has to worry about breaking through the $50 m tax threshold. What with its carried forward tax losses, the wobbly spot price, the info in the scheme booklet, and the MD that bounces between saying increasing royalties is good to paying more tax is ok , but! I think the first $50 m profit is a few quarters away from here. I think the reason to sell has not much to do with the tax, simply time to get out , and perhaps invest again at a lower price and ride the next pump. There is plenty of time to take a long term position in this company.
AGO Price at posting:
$2.13 Sentiment: ST Sell Disclosure: Not Held
