Hi Boothy...
I'd let the accountants sort it out, either way if tax is due then it's got to be paid, so the bean counters must step in and provide the most appropriate advice to mitigate what is fair all round.
Usually there's many and plenty of annual losses in these exploration companies so I'd be surprised is there any great issue at this stage.
I'm more I interested to know why BPL isn't yet taking off like COB, if anyone knows if we sold all of the Cobalt tenements or retained 49% of them then it would be nice to know..
I'm a latecomer investor here so maybe I'm on the wrong horse, so I'd be happy to hear if someone can enlighten me on what BPL may still hold in beneficial Cobalt investments?.
If COB failed to complete the terms of the JV I suppose we'd retain 100% of the Cobalt rights as well?.
Anyway I guess BPL have plenty going on in general and if the recent drilling proves up great base and precious metals BHP style, then we are ok !.
Sarg
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