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8.2¢ alita resources limited

LIQUIDATION & BALD HILL FOR SALE, page-1853

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21/03/24

15:53

Post #: 72998076
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Originally posted by atom99: ↑

Article from AFR…
Likely another delay with the court hearing on 25 Mar2024…imo.
It remains unclear how much MinRes will eventually pay for Bald Hillamid negotiations with the Australian Taxation Office that appear likely to add to the $260 million it agreed to fork out last November.
MinRes has proposed paying $63 million of the $203 million the tax office claims is owed by Bald Hill’s former owner, Singapore-listed Alita Resources, and providing a guarantee over the remainder until the final liability is decided.

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This makes it sound like MIN will cover $63M plus whatever the balance is? And Alita won't be liable to pay any so funds eventually returned to shareholders?

A40 Price at posting: 8.2¢ Sentiment: None Disclosure: Held
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