sp drop, page-14

71% tax?? Glad I am not using their accountant.
CAH price fall is in line with their move into production and lack of liquidity. More likely to be the hedging they did at $1500 that places a ceiling on their potential, something the likes of Avoca do not have. As for 71% tax. First they have to achieve a profit over 6% of capitalization before they are affected by the tax. Then, they can write of the massive capital investment they are undertaking. ANd finally none of this is relevant till the tax in in place in 2012, which is not a certainty. No, whatever reason for the falling share price, a wise investor will look elsewhere than the possible supertax.