Until they can convert it, it's of no value... It's effectively a loss making transaction that only benefits MinRes which puts a smile on Gina Reinhardt's face.
@Facthunter some time back Treasury did some modelling on charging motorists cents per kilometre, to get around the loss from excise when electric cars took off. It used a device similar to tolling tags.
They.. The government realise it is inevitable and from what we know.. Don't encourage the shift.. Likely because of that very reason. Less excise.
GXY Price at posting:
$1.91 Sentiment: Hold Disclosure: Held