To put my statement above into perspective for CYM
And any accountants please correct me if my explanation is misleading.
We borrow $250m for the restart, we would normally have to make a profit after tax of $250m to repay that i.e. $357m before tax profit.
Since CYM have written down losses to the tune of $181m they can make a profit of $181m, offset the written down losses, and repay the debt without paying the 30% tax, that is a benefit of $77m to CYM's cash flow before having to pay tax (258-181=77m)
I am happy for accountants to correct me if i am wrong.
ps this loss could also be used to offset capital gains on the balance sheet too
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Last
2.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $42.72M |
Open | High | Low | Value | Volume |
2.8¢ | 2.8¢ | 2.8¢ | $8.041K | 287.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 469352 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.9¢ | 178634 | 3 |
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No. | Vol. | Price($) |
---|---|---|
3 | 469352 | 0.028 |
3 | 390186 | 0.027 |
2 | 485000 | 0.026 |
7 | 1579201 | 0.025 |
2 | 500000 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 178634 | 3 |
0.030 | 1331501 | 2 |
0.031 | 506976 | 2 |
0.034 | 1270271 | 2 |
0.035 | 72350 | 2 |
Last trade - 10.28am 09/09/2024 (20 minute delay) ? |
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