The suspension is a wonderful outcome for CFE in current market and on release of that 95 million bill.
the 40 million from copperco seems a little unfair but is offset over time - we profits and taxes paid since then and they could offset future gains etc. i think there is nil gain or loss from this - just a timing issue.
the MCC bill seems ridiculous but if we get (IF) 80 mill then the tax is paid in advance... the quesiton is when will we get our bloody 80 mill!!!
the interest and penalties are the concern - i know that the ATO has no choice initially about charging interest and penalties and have to include this in the assessment - quite often these are scaled back or forgiven as the taxpayer was not aware of the issue and therefore had no idea or means to pay the tax bill earlier.
another two weeks amy give us some time to get some updates on the MCC funds and maybe marampa - but given econ conditions i expect nothing. sagey's negotiating skills need to at their best so this $95 mill is not $95 mill.
good luck everyone - CFE - the only stock in portfolio not in the RED today!
CFE Price at posting:
44.5¢ Sentiment: Buy Disclosure: Held
