And when a LOAN is repaid, it attracts NO tax or any other such impositions...as opposed to a dividend.
Now we might argue that the Pines Gov is paying the tax bill on Galoc earnings from their 60% share so it shouldn't matter, and that would be a correct assumption, but that's Pines tax, and is only taken into consideration by the ATO in determining if anything is payable in Oz for an Aust coy with an o'seas income.
So when GPC have money to fork out, they pay us our share...it's up to us how we account it.
I'm not exactly sure why OEL didn't write down that whole GPC loan...I'm sure they have their reasons.
value of galoc to oel, page-19
-
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add OEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $52.74M | |||
| Open | High | Low | Value | Volume |
| 1.1¢ | 1.1¢ | 1.1¢ | $29.07K | 2.643M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3624114 | 1.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.2¢ | 4596047 | 7 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| OEL (ASX) Chart |