Havent got a clue frus. I am eagerly awaiting news and clarification.
CT. Am i correct in thinking no tax would be payable on shares until they were sold? And if there was a loss then the "wage" would attract no tax and in fact be offset-able against any other capital gain, such as property sale?
Just so u can maintain your 100 percent record of being wrong, I have no intention of requesting your post to be removed, I still remember when u posted at ADVFN oil should be in your opinion be $115, just before it crashed to $50.
Of course, you could always provide a compelling case and disprove CT by providing evidence on how SLE is expected to deliver some results and means of production and consequent value to the shareholders. As everybody is completely aware, that you have no indication of what that is or where it will come from - and that the development of rawicz looks increasingly fragile, as no spud date for the next well has been announced (now over two months) - then you are legitimately within your right to question the viability of this business surviving much further past the release of year end accounts. After a long history of reading the posts which referenced potential near verge commercial production or exageratting claims on reserves coupled with the fact that what this company is currently trading at, it would not be a foolish errand to ignore most of your future posting contributions - probably dedicated at personally attacking members of the bb because, you have no ammo on which to even string a reasonable coherent argument together. Lets face reality and acknowledge once and for all - the probabilty of the demise of SLE is virtually assured.
Does it actually mean he has to buy his shares at 4p thus losing out at today's price and leaving a big incentive to try to get the sp up to 4p ASP. Yes that's it...got to be......Sorry guy's what a dope.
As they hold no shares in Treasury it would have needed a RNS but the fact they vest on a certain date is neither here or there as the transaction can be done at any time. The 200k part was to pay the tax element but if he hasn't taken any shares he may simply have taken the cash and paid that the tax was due. Maybe if u email the company u may get a reply as it's not new news.
Does anyone know if Oisin received any shares on April 1st........Now before anybody start's accusing me of going on about it. I think its really important to get this absolutely right ...When the COE has been paying himself more than the company's gross revenue. We all have a right to know exactly how motion 6 is supposed to rectify the situation. Sid, CT do you know........Links I think you once posted that it would not kick in until the sp reached 4p. If so that means he has to date effectively taken an 80% cut down from £1m to £200k. Somebody help!
If you back in $2/mcf finding costs to the $0.30 cash flow (on $3.40/mcf gas) we hypothetically shown above, it intimates a $4.95 breakeven price for the lowest cost producers. We really need to bump that up by 30 cents as well, because on a higher realized gas price the royalties would be higher. We are now at CAD$5.25/mcf breakeven price for natural gas producers.
(Most analysts would argue that FD&A is the wrong number to use in calculating costs – the better number is a line item on the balance sheet that reads “Depletion, Depreciation and Accretion”. This is the cost to book proven reserves, and is a tougher test of costs. Only a handful of companies would have DD&A costs under $4/mcf - making the breakeven price CAD$7.25/mcf.)
This is a very simplistic version of a natural gas company’s cost structure, with conventional vertical wells. And it uses an example of an average sized well in the Western Canadian Sedimentary Basin.
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