RE:RE:The Best Stocks to Play the Rally in SilverFair enough...Although according to SLW's June report, the worst case scenario is a $353 million tax liability, not $575 million. But never mind that. SLW is a nearly $10 billion company. Has anybody here worked out the proportional financial impact the worst case scenario of just paying the tax (and penalties) should have on the share price?
I'm willing to bet it would be considerably less than the recent drag on the sp is implying. In which case, this period of uncertainty would rationally be viewed in hindsight as a buying opportunity when all is said and done.
And that's not even taking into account the possibility that the company will prevail in court. I doubt very much that they deliberately underpaid their legal tax bill, as you are implying. If you read the details, it seems to me that they have a very good case.
Not that that necessarily matters any more when governments are desperate for money!