I presume that the strategy of strategic investments, if it leads to profitability (and the investment in Viento will carry the right to a special distribution when Viento disposes of some iron ore leases pre 30 June) will allow MCX to recognise its tax losses as an asset - worth around $30m ?
Some risk around the size of losses available and when recognition would be allowed. It would be good to get some guidance from the company on this.
