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    Interesting discussion everyone. Appreciate the points of view.
    I've held PRRO for a couple of years, so obviously I'm well in front.
    I recognize that the post 12 months holding reduces CGT. But what if I exercise the options? Are the new PRR shares I'm issued viewed by the ATO as though I've held them for two years, or does the clock start ticking again from scratch?
    Thanks in advance!
 
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