Glad people cleared this up. Good on you H.Walton.
Its in black and white. Corporate Tax 67.3m Total Tax 84.5m
The Company stated they would look for ways to reduce it. Thats under the Corporate Tax laws applicable to Argentinia
Until they do to some/ any degree then the Posco Money available is 195.5m (US).
As I said in another post, with no Shipments this QTR thus far, the Cash in Hand at the end of the Calendar Year 18... was approx 25m.
GXY burn 24.5m per qtr (operational expenses) and then add project Development Exes on top.
The Posco Money came in handy with the no Shipments? so far this Qtrly for whatever reasons?
I'm not suggesting that GXY was under any Financial stress but as stated Cash in Hand was only 25m 31/12/2018.
SDV is the jewel in the crown for GXY atm (S/price mover) Management need to and will get it right for a J/V Partner and the beauty of it all is............They have options.
The odds point to a J/V deal being Done. imo
But as the famous Ken Howard used to say...........
"Never run up stairs and never back odds on"
I will still back an SDV J/V though.
Good Luck all
Md
