Fair call re tax unya and understand where you're coming from, sorry missed that. They'll still have to pay some tax back here though, won't they? I am pretty certain they will. That slide is for tax payable to Turkey so it is only half the story (happy to be told I am wrong). Anyway, keen to see how this CR goes. I am going to pick up a few as I assume it is going to be quite a big one and get sold down to the level which will be about 10-11c by my reckoning.
Make no mistake, this stock will be a cracker for someone who wants a super leveraged gold exposure with relatively low capex. There is going to be a lot of people that have been waiting for this CR, so it may not be so bad. Time will tell, but management cannot escape criticism for how they have handled this. Happy to say I am wrong if the final details look great, but I somehow doubt it in this case.
CHZ Price at posting:
11.4¢ Sentiment: None Disclosure: Held
