Originally posted by pranav1980
I remember AT telling in last quarterly update that with $280 mill from POSCO + cash from Mt Catllin operation, GXY can fund SDV and that's why they are in no rush to do JV.
But now with $95 million hole (30% tax payable to Argentina govt) on $280 million from POSCO, pray that management gets JV done sooner rather than later else SP will be in free fall and when the JV ann will not matter much.
Galaxy is currently exploring the opportunities of a potential refund of turnover taxes paid and rollover relief on corporate taxpayable.
Galaxy have major tax credits carried forward. Special dividend will be paid off the back of this.
But hey you already know this that's why you are back in here trying to create fear to cover and/or accumulate.
