Unfortunately we do not have a tax treaty with the DRC so double tax is a risk which makes it so important to make sure the correct entity is sold/ taken off our hands.If AVZ don't pay tax on the sale of Manono in DRC or SIngapore then we won't be eligible for relief from double taxation in Australia and it will need to be paid by either AVZ or the recipients of the dividend imo
ThanksThese are the comments. They are not my comments and I do not know who posted them.
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Yeah I don't think that will be the end result but it is the only scenario I can think of that would result in a franked dividendUnfortunately we do not have a tax treaty with the DRC so double tax is a risk which makes it so important to make sure the correct entity is sold/ taken off our hands.
AVZ can always pay taxes but they have to be from profits. If the company is given income then sure, a profit can be booked. If the company is given a capital offer for scrip, then it will need to be passed on as capital to shareholders.
I’m sure Nigel has all this information in his briefcase.
Peace, you say? Hot off the press ....
The most concerning line in the video was "no more electric tanks"![]()
Man wtf has happened since 3000 pages
Likely a buyback will be out of the question... the company will still have retained profits that need clearing via dividends if they sell the project. A buy back won't enable big cgt discount amounts and not ordinary income... yes it can at times, but, practically won't be the case here.There’s a lot of confusion floating around, so let’s be clear: there will be no re-listing. AVZ is headed toward a final resolution — not a return to trading.
And there absolutely should not be a dividend, franked or otherwise. That would treat the payout as income, not capital, and shareholders would get hammered at their marginal tax rates.
What needs to happen is either:
• a share buyback, or
• a formal liquidation with a capital distribution.
Both of these would trigger a CGT event, allowing eligible long-term holders to access the CGT discount. That’s the correct structure — anything else risks handing a large chunk of the return straight to the Australian government who frankly have done fuck all to support us.
Definitely reasons it might not happen, but, logical reasons why it could happen also...Hopefully they will try to structure it that way then. Is there any reason you think they won't or can't?
Do you mean a sale of our shares to kobold wine? Rather than avz receiving the cash then doing a buy back?It's highly possible a buy back is on the cards.
The capital distribution is already underway IMO.
Re-listing is 100% looking likely and the Kobold scrip offer is certainly emerging
Without that the Zijin/CCP counter offer won't happen and the Saudis are more likely to provide the best option
If none of that comes to light then definitely the US backed push from Trump with the peace deal in the mix should prevail
Other than that I suggest there's a bunch of fucked up flogs/trolls on the forum who will probably start to experience some genuine cyber heat from the appropriate authorities
Worth being aware of that......the sites been compromised
But what would I know?
See how long this post lasts
How it's taken down is noted....as all the others have been
Where is winenuts post??Do you mean a sale of our shares to kobold wine? Rather than avz receiving the cash then doing a buy back?
I personally believe the former is more likely and more likely successful for cgt discount capabilities.
There is only $226m of capital. The rest will be retained profits...Yeah, nah. That AI-generated response only applies to structured, off-market buybacks during normal operations. We won’t be operating under those circumstances. Our buyback is part of a company wind-up, so CGT will absolutely apply—we’re talking about a return of capital, not a dividend. Different rules entirely. Essentially, winding up -> CGT applies. Ongoing operations -> part dividend (taxable), part capital (CGT).
Last seen at Mascot carrying a large p.... b.gThe Asx is fucked by algos and shorters, pumps and dumps, hot crapper is fucked by trolls (fuxk you names little) (but they got hoots so fuck you hoots) and now the last outpost has been stormed after years of self management.
What a shame. Where’s @zeebot???
AllegedlyLast seen at Mascot carrying a large p.... b.g