The Argentinean fiscal year is Jan-Dec, i.e. Galaxy has 10 months of potential SdV development expenditure to bank against the tax liable on the northern tenements sale. Now, I'm not one for conspiracies, but I've seen plenty on HC who are, so... 95% of tenements signed off by Catamarca in the back half of last year, but the final transfer held up the extended Salta siesta situation until early 2019CY AND FY. That delay doesn't seem like such a negative in this scenario.
GXY Price at posting:
$2.17 Sentiment: Hold Disclosure: Held
