Well personally, I can’t see it having any impact; but as you said ‘any tax increase can only put financing in a more unfavourable position’
At least its all out in the open; think about it, on Friday me, you , MDs, financiers , funds didnt know if it was going to be signed or not; we all knew 2 months ago that an increase from 2 to 3.5% on royalties was very likely.
Now everyone knows what the result , so the result can now be included in any negotiation ; it was still questionable last week.
Now everything is on the table and AVZ will now only strengthen its position as the rigs are spinning.
Isn’t it nuts that the the Aussies pay 5%
AVZ Price at posting:
23.5¢ Sentiment: Buy Disclosure: Held