I presume that the strategy of strategic investments, if it leads to profitability (and the investment in Viento will carry the right to a special distribution when Viento disposes of some iron ore leases pre 30 June) will allow MCX to recognise its tax losses as an asset - worth around $30m ?
Some risk around the size of losses available and when recognition would be allowed. It would be good to get some guidance from the company on this.
Add to My Watchlist
What is My Watchlist?