Canada's federal government currently holds $303 million of Cameco's cash and $482 million in letters of credit which the company had been required to pay as instalments on the reassessments issued by CRA for all tax years in dispute, tying up what Cameco characterises as "a sizeable amount of the company's financial capacity".
With both court decisions in its favour, Cameco will ask government to return these instalments to the company, even if leave to appeal is requested by CRA.
I WONDER IF THIS COULD BE RELATED TO TODAYS SHARE PRICE ACTIVITY
SLX Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)