IDA 0.00% 11.0¢ indiana resources limited

Hi all. From what I understand, thing are still at stale mate...

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  1. 2,254 Posts.
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    Hi all.
    From what I understand, thing are still at stale mate with negotiations between Acaicia and T gov.
    There are two parts to the new legislation.
    The news continues to be "another 3 weeks".
    16% for new mines and 50% refers to those already operational but not honoring their tax liabilities.
    So if the T gov want 50% of Acacia and Acacia have already put operations on care and maintenance, no wonder negotiations are taking a while.
    In the mean time, It looks like there is accumulation going on so there are entities that see a bargain at the current sp with a longer term view.
    There are almost no shares available as the sell side is evaporating quickly.
    Kind regards, Wack.
 
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