Advantage Lithium Corp AVLIF

Metals & Mining Industrial Metals & Minerals

Advantage Lithium Corp is engaged in the acquisition and exploration of lithium properties. It operates in single segment namely the exploration and development of unproven exploration and evaluation assets. The company's principal business objective has been the identification and evaluation of companies, businesses, properties, or assets with a view to acquisition or participation therein. Its projects include Cauchari; Incahuasi; Guyatayoc; Antofalla; and Clayton.

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Advantage Lithium Corp

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Post by Jman1076on Sep 07, 2018 11:20am

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Post# 28579501

Argentina Export Tax

What happened is that in an attempt to control its public finances, Argentina just announced a new special, temporary, export duty applying to all exports. This export duty comes to 3 Argentine Pesos per each $1 in exports. With the USD/AR$ trading at 38.3, this means were looking at an effective 7.8% tax on exports. Now, this tax applies to revenues, not earnings, so the impact can be significant. Ceteris paribus (ignoring other effects), this tax would effectively wipe out nearly 50% of Orocobres FY2018 adjusted profits.

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Cannara reports record growth and profitability in Q4 2023