The drop in the share price is IMO an enormous self inflicted...

The drop in the share price is IMO an enormous self inflicted wound.

In an environment where the punters only read the headlines, why would they book an $8.2m tax payment(which will never be paid) when the pro forma tax was a gain of $1.7M

" the Company books a tax expense at present because it does not record the full tax benefit of carried forward tax losses."

One could well ask why not???? given that

"The tax benefit of carried forward tax losses of approximately $154.4 million is yet to be brought to account."

When are they going to be confident enough to do that. given whats coming up 2017 would have been the ideal time.

The $14.1 M loss could have easily been a $32.2M profit.

Every cloud has a silver lining. I was able to pick up a pile of shares today.