This current dip is completely unjustified - there's no reason why the new tax should impact too strongly. It's causing a 40% tax instead of a 30% tax and this is after all costs have been paid back on infrastructure and drilling. Sure it will impact, but not substantially on a little company like VPE!
Could be a buying upportunity for those waiting on an in. IMHO. I'm tempted to get some more.
I think the Australian people deserve more than a half baked announcement about a new tax that few understand or can apply.
VPE Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
