OTCPK:MAUXF - Post by User
Comment by
Public_Heelon Apr 15, 2012 2:28pm
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Post# 19796356
RE: RE: RE: 100 million cash
RE: RE: RE: 100 million cash So it's not the cash that is current or non-current, but the liability that restricts it?
FWIW, "current" cash is $49.9m and "non-current" $3.3m.
The $3.3m "non-current" is for "estimated expenses in the wind-down of the joint venture".
The $49.9m "current" is for government royalties plus income or excise tax payable.
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So how does Mart get to use some of that $49.9m current restricted cash for something else, like a dividend? Does it turn out that they do not, in fact, owe as much tax/royalties as they have reserved for?