PGS 0.00% 0.0¢ planet gas limited

Spec 101, I don't think PGS will be paying any tax, as they have...

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  1. 1,257 Posts.
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    Spec 101, I don't think PGS will be paying any tax, as they have a mountain of carry-over tax losses, which makes this type of transaction much more palatable for shareholders. I see this as a way to leverage the tax free capacity delivered by carry-over losses onhand in order to keep the ship running (as long as admin costs remain static).

    Most probably securing the facility from MACQ at a tight rate was linked to the initial deal announced. I'm not to fussed about the $15M debt (once fully drawn) if it can deliver solid tax free revenue at the same scale as first transaction, whilst fully funded exploration by SXY (oil) & ORG (gas) occurs in the Cooper. A decent oil find, would recifity market cap & if proven to be a goer gas potential (even with 10% holding) will be a game changer on all levels.

    Respect your input, but this deal is not as bad as it seems. DYOR
 
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