CAPITAL MARKETS

Murchison warns shareholders of ATO delay

MURCHISON Metals says it may take up to six months before shareholders receive cash from the $A325 million sale of its stake in the seriously ill Oakajee port and rail project and Jack Hills mine in Western Australia’s Mid West.

MiningNews.Net
Murchison warns shareholders of ATO delay

In a letter to shareholders, Murchison said the cash proceeds of the deal, which is expected to be around $217 million, will require a ruling from the Australian Tax Office regarding the tax treatment...

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