RE:RE:RE:RE:RE:RE:RE:Tax (Expense) and Deferred Tax (Expense) / Recovery screamer99 wrote:
The average V price in Q4-20 was just north of $5, which isn't the case. There will be no tax recovery in Q4-21 and there shouldn't be with a profitable company.
We are talking about 2 different items here: Income Tax Recovery (Expense) and Deferred Income Tax Recovery (Expense). As you know the “Deferred” item has nothing to do with profitability. The year 2018 was the most profitable year for Largo. In Q2-18 alone Largo was making a truck load of earnings (C$50.3M in Income Before Tax) and the company also booked C$45.6M in Deferred Income Tax Recovery in the same Q. In Q4-20 we had an Income Before Tax of US$6.0M and there was also a Deferred Recovery of US$580K.
A Deferred Income Tax Recovery for Q4-21 is not completely out of the question, imo.