TSXV:AUN.H - Post by User
Comment by
zzthnxon Oct 18, 2009 11:25pm
278 Views
Post# 16398778
RE: No pumping needed-just ca$h
RE: No pumping needed-just ca$hMatt, I'll try this once more, and then I give up. In the U.S. there is no such thing as a "purchase tax" on properties, businesses, or mines. Do you believe that the U.S. govt. would impose a 40% tax on the Shafter purchase price? No, it's FUTURE INCOME TAX, that AUN referred to. FUTURE is not the present, and INCOME tax is a tax on INCOME from the FUTURE earnings at Shafter. AUN needs $40 mil. to complete the Shafter mine construction, not $56 mil. as you continue to state.
Once again, from the MD&A:
"In addition, the recording of the Shafter property acquisition did not reflect the tax 
of the
acquisition,specifically with respect to Future Income Taxes."
Cheers, zz