I wrote ...
If there is an area that the annual reports were weak or left us in the dark it would be the tax credits. Significant tax credits were noted for the first time in June 2018 annual report.
This is not true. The tax credits were just documented differently in the past.
eg June 2014
Loss Carry forwards and Resource Pools:
As at June 30, 2014, the Company has accumulated non-capital losses of approximately $10,482,537 of which $8,156,979 are at a tax rate of 26% (Canada), $1,081,545 at a rate of 30% (Australia) and $1,244,013 at a rate of 25% (Indonesia). The Company also has accumulated resource and other pools of $3,986,281 at a tax rate of 26% (Canada). The Canadian non-capital losses expire commencing in 2015 through 2034; the Indonesian non-capital losses expire commencing in 2016 through 2019; and the Australian non-capital loss carryforwards may be carried forward indefinitely. The cumulative resource and other pools can be carried forward indefinitely.
eg June 2018
The significant components of the Company’s temporary differences, unused tax credits and included on the consolidated statement of financial position are as follows:
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summary
2014
$10,482,537 non-capital losses
$3,986,281 resource and other pools
$14,468,818 total tax credits
2015
$10,708,808 non-capital losses
$3,986,281 resource and other pools
$14,695,089 total tax credits
2016
$9,870,488 non-capital losses
$4,165,636 resource and other pools
$14,036,124 total tax credits
2017
$9,870,000 non-capital losses
$5,149,000 resource and other pools
$15,136,000 total tax credits
2018
$13,075,000 non-capital losses
$7,650,000 resource and other pools
$20,752,000 total tax credits