GREY:HRTPF - Post by User
Comment by
GeneFrenkleon Feb 24, 2014 3:39pm
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Post# 22244399
RE:Can HRT Execute
RE:Can HRT Execute
They have hundreds of millions of tax losses, which will eventually expire in a few years. I would imagine that they're hoping to start selling oil, turning some sort of profit, so they can realize this very useful (if not currently useable) asset.
I imagine they don't want to get out of Namibia, since there seems to be still so much interest, but they know the market value is $0 until proven differently. Hence: try to get anything to monetize the expiring tax losses.