VYR, they can always bring to account say $50m (pick a figure)of the $154m based upon expected gains on the forward sales etc. They just need a basis on which to bring it to the accounts. Agree it is just plain stupid to show tax payments when they will never pay up. Just put the finer details in the attached notes.
HGO is a simple cashflow play less what they want to spend on exploration and req'd capex (after creditors of course)
Ann: Preliminary Final Report - Appendix 4E, page-7
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