A Jeez so many people blindsighted by tax. What did everyone think the tax on a sale for 280m is 8m?
Death and tax are part of life. Sounds like the headlined rattled a few long term investors who really shouldn't be investing.
As for a tax bill, these become accrued credits to be offset by future profits. Yes it's better to have the cash but companies in the long run manage tax bills with tax strategies. Gxy alluded to this in the presentation.
The momentum is too hard to ignore now. Lit etf up again holding 30. Have a look at ORE for the impact of some news, went from 2.98 to 4 in a little over a week. Essentially the same update around being profitable, dropped down in the morning and then sky rocketed after people realise these companies make a sheet load of cash and are doing it at the bottom of the price cycle..
GXY Price at posting:
$2.16 Sentiment: Buy Disclosure: Held
