RE:Tax lossesSo Sherritt has a pretty nice tax asset that could be brought back on the balance sheet whenever future taxable profits become probable. Do not see how they can use the capital losses however. If they ever book this asset, it will mean that the turnaround is truly completed and the stock will have rerated much sooner.
This being said, they will not pay taxes in Canada for a long time.
We should thank previous management to have created these potential assets.
GLTA,
P.S. Income tax accounting reflects on the accounting profession focussing on irrellevant details for investors. But sure creates a lot of work for accountants.