long trend down, page-3

ET another contribution to your successful track record.

for the record, gold grades at prominent hill are expected to fall dramatically and production costs will rise as the operation goes further underground.

Furthermore, Ozl has no more tax losses, so profits will fall further due to 'tax effect accounting'.Anyone looking at the Ozl's profit and loss will notice that there is no income tax expense, accumulated losses mean no tax payable meaning no income tax expense.

Ozl now has to pay income tax, this means for accounting purposes there is an associated income tax expense so Ozl's reported profit will fall dramatically. But the company will be able to pay FRANKED DIVIDENDS.