NTU 0.00% 2.0¢ northern minerals limited

Ask Lynas management about it at the next AGM, they would be...

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  1. 1,742 Posts.
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    Ask Lynas management about it at the next AGM, they would be able to teach you everything you ever wanted to know about forwarding losses indefinitely when you have no taxable income. After all they've been around for over 3 decades.

    When you said "Lynas HAS built a profitable, sustainable business and will ultimately pay corporate tax against the R&D invested" did you actually have any timeframe during your lifetime in mind ? They've been around since early 80s and been "focusing" on mining and production of rare earth for over 16 years now. How much in corporate taxes have they paid to date ? Yeah, exactly. Not a lot of money in fridge magnets.
    No wonder you are so worried about NTU and other Lynas competitors, not only is the LAMP at risk of closure but if that happens they also stand to lose the Australian mines to pay for site rehabilitation. Who knows, NTU may even end up buying Mt Weld from the creditors for the Duncan deposit. Then again there are higher grades of ore around Browns Range.

    And how is it that when Lynas received millions in R&D refunds and squandered them on building the LAMP overseas and exporting the jobs there you call it investing yet when NTU received a few bucks as R&D refund to build a plant in Australia and create the jobs here you call it a waste of Australian taxpayers money ?

    As for NTU's mine life I suggest you have a bit of a read in the glossies on the last one
    https://hotcopper.com.au/threads/an...roadshow-5-dec-2017.3888050/?post_id=29370272
    also try Blue Sky potential on page 18 and Beyond Browns Range on pages 32 & 33
    You may learn something new from the glossies.
 
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