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Trust everybody to be selling on the day I want to transfer to ISA
This is going to take some patience
The tax year ends on 5 April (not 31 March) and begins on 6 April (not 1 April).
WW Good points. Max ISA allowance are £20K a year. One would hope to make good money in ISA/SIPP to offset any tax disadvantage, also you can open on kids name too.
Sorry - that should have been future years, not laws.
Whilst there is a tax advantage gained when investing in an ISA or SIPP, the disadvantage is that it is not possible to register CGT losses to be offset against tax in future laws. Plus there are restrictions on how much you can put in each year. So...
When you make gains, it's great.
When you make a loss, the effect can end up being amplified...
And this is the Aim market, known for it wealth knackering behaviour.
LT YW and good luck. Hope you don't get caught out between selling and buying back.
I'll do it today late morning. I won't do it as the market opens just in case we get an RNS (I don't think it's this week due to conference at weekend).....and I won't do it end of the day for the same reason.
Thanks for your help.
LT - you can ask your broker to do it, but you will lose few shares, in processing of doing it, but it will be well worth it. do it sooner, than later.
Sell high buy low m8
Thanks for this, do you think if I sell and buy back at lunch time, I'll lose much?
Or should I get a similar price? I know the spread is 0.10.
LT you have until end of March to switch to take advantage of the current year Tax Allowance, which is 20K and then you can add further 20K on 1st April. Hope this helps.
Oh dear, I hadn't realized I could invest in AIM market via an ISA! :(
Maybe I should start looking for a good transfer point.
LT - one won't have to pay Divd or Capital tax, if you have your shares in ISA or SIPP
A good point WallyWonga, I hadn't considered we'd be liable for both dividend tax AND capital gains tax.
I would prefer the Special Dividend to take the form of Tax Efficient B Shares to reduce the associated tax payment as much as possible.
Things might have changed with regards to wk now with pt demand on the up trend but I've always thought wk was just a means to an end of keeping the finances in the black while they chase permits for the tundra mines. I think it's rinse an repeat. Wk is only to fund the exploration costs for the tundra areas an tie up the other 25/30 mil ozs before another sell off
Spot on Stockdale, that’s been my theory all along, reward shareholders including the many company employees (Dmitry big shareholder and bought £1 million at 5p) who own shares, with a big dividend, hold back some of the proceeds of the sale to develop WK and retain some more to pay out dividends protectting the SP from dropping off ......... common sense in my opinion and a win, win :-). Cheque please xxxxx ‘so many reasons to be cheerful 1,2,3+ ........ billion
You've pointed out Londontown that MT could well be valued at $30 billion. We could therefore easily get $2 billion or around £1.5 billion, considering time considerations for mining and the cost of mining. That equates to around 50p per share. I would suspect we could get around 20p per share as a special dividend (around £600 million). That would be very gratefully received by shareholders as it is free money on top of still keeping their shares and far greater than anyone would have paid for them. The remaining 30p (£900 million) would then be split between funding for upscaling WK and for possible future dividends when they can drip feed the market with dividends while retaining sufficient contingency for WK. That would also have the effect of maintaining the SP as investors would not wish to sell with dividends at some future dates. That would also enable the BoD to ensure financial security with the company and therefore their positions.
Some say that only $150 million is needed for WK but that is the minimum and doesn't allow for contingencies or fully upscaling development at WK or maintaining the SP with future dividend payouts. The actual breakdown could well be different as it depends on knowledge we don't have but the BoD will have.
I do follow the same line of thought. Somebody mentioned the other day that this is the lifework of some of the members on the board, who have been with the company for 11 years now. The experience among them is truly something, which makes me hope they immediately reject anything below what they themselves have as a target. Dmitry for example bought in at 5p a share. He in his head will be well aware he's after a 10 bagger at least, from there.
It's a good strategy you've lined out. How would you personally like to receive the income? I'd prefer a special dividend for MT sale with a cut off date, otherwise we'll shoot up and people will take profits. Of course we have to see how it plays out.
There is so much potential, WK is a great resource I think. If we develop it for the next 3-4 years, what on Earth might the share price be then? Sino contracts helping us and equipment ready.
I honestly think everybody knows we have to potential to go to nosebleed heights, but nobody wants to say it for fear of being accused of ramping. Main thing is just to trust that Bod will get it right. They haven't waited this long to take a low offer from outside groups. I note they're at a conference next weekend in SA, I doubt the RNS will come before then as a result. They will most likely be having private meetings with investors and potential buyers, at that conference.
That's just for MT Londontown. They have all that expertise on the BoD now just to sell up both? Unlikely. Unless they get an offer for both they can't refuse of course. With loads of money from MT they will have WK as a plaything they can rapidly upscale with all the best mining equipment. Great playground for that expertise on the BoD and with loads of money to spend from MT.
One thing I will say, if MT is up to 15,000,000 pd only. Multiply that by $2,000 and you arrive at a figure of $30 billion.
Looking at shortage of reserves ongoing in the market, pd is only going to go up slightly from here, or at least stay the same.
Auto makers don't have much room to manoeuvre because of emissions laws. They need pd.
This doesn't take into account our other resources, assets, all the potential contained within.
These are extraordinary times for an AIM company like us and I just want the Bod to get it right. I'd rather wait a year for an incredible offer, than sell now for what will be pennies to a company like Norilsk, even if it looks like a 6-7 bagger to us.
Patience, my friends.
Our Bod are incredible and highly experienced. Lots of skin in the game. They believe in this and I believe in them.
I think this may be a slightly longer wait for news than this week week, or next.
The potential here is enormous. The BoD are well aware of that. The silence to me suggests that they're negotiating hard. We don't want the potential value of our shares to be undercut, when in reality we could be in receipt of a far bigger sum if we're patient perhaps for longer than we'd like.
I'm leaning towards a total sale of the company at the moment. However, if we receive anything under 30p a share, I think we should go it alone and do it all ourselves. The ball is in our court. I'm happy to wait a bit longer.
WK needs to be developed. It has many PGM metals, including rhodium. MT would provide funding to upscale WK to a level where it could be worth billions.
I agree in sentiment (although WK is not with billions)
Reason why past accounts are meaningless for EUA:
You have two houses. You have a mortgage debt of £26,000 and can service that debt with other income. Roll forward many years to the present day when those houses are now in a very sought after area and are worth £millions. You are now looking to sell at least one house with at least one being highly sought after for £millions. Now change that to two mines with highly sought after Palladium in abundance and multiply the numbers by a thousand.
That's why the past accounts for EUA are not important.