8% tax, USD up 8% on AUD this year share price down 50%, page-3

Exchange rate on usd denominated sales is also right off top... as is the relationship between usd and peso since tax is Peso not%... if construction costs are more than revenue in next 2 years then this is even more than “off top” e.g if there was 2oom in sales next 2 years assuming constant currency would be $16m new tax if $250m in construction and running costs and 8% gain on exchange rate would $20m in cost savings... tax is fixed in peso - exchange rate is in theory infinite over next 2 years. Exchange rate and sale price can and likely will have much more bearing on the bottom line in the next 2 years, how the share price is determined at the moment is beyond me. I guess once all ms 27% is shorted fundamentals will kickback in and if MS want to exit their clients will need to buy 54% of the stock. Ca-Ching