GREY:PGDIF - Post by User
Comment by
ekimon Jul 19, 2018 1:23pm
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Post# 28339661
RE:RE:Accounting 101
RE:RE:Accounting 101Peregrine Diamonds is the owner at a corporate level of over CAD$100 million spent on various exploration properties in Canada.
Because De Beers wants to buy PGD and not just Chidliak..they can assume those money spent that is used to offset future federal taxes at any time on any project.
They can apply that money on CAD$100 million of cash flow at Gahcho Kue and eliminate the $12 million they would have had to pay in taxes to the federal government.
Same deal with MPVD taking over KDI. They get to abosrb a very similar tax structure.
De Beers would also get access to BHP's canada wide sample databse to mix in with De Beers canada wide sample database. The two combined could be very synergistic.
LONG...PGD
EKIM