ECR Minerals Plc receives cash refund under Australian R&D Tax Incentive scheme

  • Jan 16, 2020 GMT
  • Team Kalkine
ECR Minerals Plc (LON: ECR) has informed about a significant Research & Development refund.
  • The company has received a significant cash refund under the Australian government’s research and development (R&D) Tax Incentive scheme, through its wholly-owned Australian subsidiary Mercator Gold Australia Pty Ltd.
  • The company’s subsidiary MGA has received a cash refund of R&D expenditure of AUD 555,212 or around £295,515.
  • The company has also informed that its subsidiary had carried forward corporate income tax losses of AUD 66,341,587 or around £35.3 million). The said amount will be used to compensate against future taxable gains.
  • On 16th January 2020, at the time of writing, GMT 08:13 AM, ECR shares were trading at GBX 0.78, up by 0.05 points or 6.90% against the previous day closing price.

With Bank of England reducing the interest rates to a historic low level, the spotlight is back on diverse investment opportunities. 

Amidst this, are you getting worried about these falling interest rates and wondering where to put your money?

Well! Team Kalkine has a solution for you. You still can earn a relatively stable income by putting money in the dividend-paying stocks.

We think it is the perfect time when you should start accumulating selective dividend stocks to beat the low-interest rates, while we provide a tailored offering in view of valuable stock opportunities and any dividend cut backs to be considered amid scenarios including a prolonged market meltdown.

To know more about these dividend stocks, click here

CLICK HERE FOR YOUR FREE REPORT!
   
x
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK