RE:RE:Q2 2025 Results (Post 10) Deferred TaxesHello Winnerswing,
I fully agree with your assessment that the existance of substantial tax loss carry forwards, whether regognized immediately or only when actually applied against otherwise taxable income to eliminate taxes otherwise due and payable, is the real benefit here.
That being said, a decision to recognize more than just the next 12 months of benefit from the tax shield would show up as a significant increase in the NBV per share. I believe this would give management an increased window in which to exercise the rights under the existing NCIB to repurchase PLAN shares on the open market at the currently dicounted values. No reason that management cannot utilize the provisions in the accounting rules to advance the benefit to all current shareholders that comes from an active NCIB program.