Axegun, I have heard from a reliable source that if Rudd's tax is impleminted Catalpa will be effectively paying 71% in tax. Im not sure if that includes the 3% state govt. royality tax.
That 71% tax figure is going around the market place and the mining business environment. No wonder we have a share price at these lows when the company is nearly at full steam.
I can't explain Avoca's share price rise or similiar to Catalpa's share price drop as I don't follow other gold companies that closely. I'm sure you won't find any skeletons in Catalpa's cupboard just Kevin Rudd.
Thanks Mr KRudd.
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