RE: It is time - won the tax assessmentHIGHLIGHTS
A copy of the Cassation Court's ruling was received on October 5, 2011. While the Corporation is still interpreting and analyzing the legal and financial implications of the Cassation Court's ruling, the decisions made are as follows:
-- The 2009 assessment for Historical Costs amounting to approximately US$1.6 million was cancelled,
-- The assessment for Corporate Income Tax ("CIT") amounting to approximately US
.4 million was cancelled and sent back to the lower court for review and re-consideration by a different judge,
-- The assessment for Mineral Extraction Tax ("MET") in the amount of approximately US$1.0 million was upheld
not a well kept secret in hindsight - ALH had 3 days in a row of almost 150,000 shares a day. they haven't done that since Dec 2010.
someone let the cat out of the bag - nonetheless it is good news.