its all about the money-calling crown casino

Redfern

reality is boys,even if redbank was worth anything,say $5m,by the time you pay the directors of the trust i.e. existing management their $1.5m or three a year,it doesn't add up.you still get nothing when the consultants paid.

However,

But then again,800m shares x.1c a share will only cost someone to get an asx listing,800k and a free powerstation and you've got a financial lease with half the energy prepaid for 20yrs.Dish the expensive management,I suspect there will be another rat come out of the woodwork before the boat sinks looking for scraps cheap.Even after the proposed deal.

Then again,

$80m total($40m of our own money) is too cheap to sell the trusts tax losses of $1500M or whatever,back to Alinta's new owners AND WALK AWAY.To get paid for with our own money----it aint right---

Isn't a tax loss of $1500m worth around $500m

tell me if i'm wrong,but what's the carrying value of that sum of tax losses to any business.Anyone carried forward losses from one year to the next-I figure around $500m cash if you can use them straight away.A bit less if it takes a year or two or five.Otherwise they would just take the assets and blow us off.


Changing MARKET VALUE of Alinta assets

Then the new alinta gets bought by say origin/crown casino and all those tax losses are real valueable.they might even wait six months before they do it to say conditions have changed the value of everything i.e. the plant has changed due to new market dynamics.In reality the kit and caboodle just got S500m value added.

Was it TPG, or was it another fund that did a deal and scurried the profits out of the country(ausssie) before the taxman could assess them?If it was TPG,then i bet they'd be immediately usefull.Either way someone wants the new alinta to have them,or they'd just buy our vote for 10c and leave us with them.

Calling Crown Casino

either way,its all worth more than 10c to me.$500m/$80m-$40m of our own money=less than 8% of their value.Lets sell them to Crown Casino.They like the odds stacked towards the house.they might give us 20% in the dollar instead.What about your local pawn broker?i.e.$140m in total.16c/share
Gotta wonder haven't you.Hope the crown casino's tax consultant is reading this.we could get a surprise offer.
ANYONE OUT THERE WANT $1500m TAX LOSS FOR $100M 80% OF VALUE
start your bidding soon before the hammerdrops.Best bid so far $40m

Shareholders willing and ready to deal.

Having said that i'm no tax accountant and am probably wrong and my votes worth nothing if the majority say yes.I'll drink to a NO when the time comes.

DYOR