Orion Equities Limited (AU:OEQ) has released an update.
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Orion Equities Limited has reported a slight increase in its pre-tax and post-tax Net Tangible Asset (NTA) backing per share as of May 2024, with values rising to $0.4474 and $0.3516 respectively. Their investment portfolio includes shares in Strike Resources Limited and property held for development, alongside a notable shareholding in Bentley Capital Limited, which is carried at a nil value despite a market value. The company’s financial position also reflects a substantial provision for income tax on royalty termination related to the Paulsens East Iron Ore Project, with a review underway considering available tax losses.
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