sale announcement early july11?

I was wondering whether ASC was delaying of any signing of contracts until after 1st July 2011 to buy time in settling a potential tax debt.

The company has $5m in carried forward losses and if the sale of their main mine was sold between $40-$60m (based on brokers estimates) then there will be a significant tax liabiltity of probably between $7-15m.

Bearing in mind that the company is capitalised at $47m so delaying a tax liability by an additional 12 months would provide cash flow and time to re-structure for potential new capital purchases. There have been numerous cases of tax liability effecting timing of settlements eg AMU right now

Just think this could be a possiblility since capital gains is due & payable in the tax year that the contact of sale is signed NOT when it is settled. Its going to be May on Monday and only 8 weeks to the 1st July. ACS doesn't seem in a hurry although it has always maintained that a sale was eminent.