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If the whole shebang was sold for just 2.76 billion dollars, not a fortune given possible 75 bills worth in the ground, that equates to an SP of £1.04. Now wouldn't that be nice, well I can dream. Sweet dreams all
I may, possibly consider selling for that valuation.
H2G, $2.6B is more like 51p after exchange rates, full dilution, bank fees 7.5%, 80% mine ownership etc. I wouldn’t complain at 51p tho!
Anders, that would be quite delightful, 51p would be very acceptable. I could upgrade my 12 year diesel.
This share will help boost our economy between tax receipts and spends on new toys.
If i have it All in my shares isa Will i pay tax when i with draw it
ISAs are tax free even CGT no matter how much your shares accumulate. Over thr last four years isnaged to transfer all my shares into an Isa without going over the tax threshhold. No tax forms..no worries.. My trading account has only two delisted stocks in it. Should they come back to market (big if), then i'll transfer them into my Isa but only below the allowable tax rate and ISA yearly allowance. If that means holding some over to the next tax year...then so be it. I'LL just wait but i will not get involved with the inland revenue. Once you do they'll track you and your shares each year but you will then have to prove that you are not liable. F/**k 'em
EUA potential £1 billion company- target 57p
Eurasia Mining (EUA.L) is an AiM-quoted Russian asset PGM producer. The West Kytlim project is revenue-generating with production expected to ramp up in 2020 resulting in EUA becoming a de-risked prospect compared to its peers.
However, the key asset is the M&A triggering EUA flagship palladium driven project, Monchetundra, near to production. Could a Monchetundra sale turn a 100m MCAP AiM company into a £1.5bn exit for investors, equating to an approximate 15x rerating on the current price? There are many risks reflected in our conservative 30% risk-adjusted WACC for the Monchetundra flanks project (only), lower and delayed production and Pd/Pt ratio. Risk-adjusted WACC for Monchetundra Lo + WN is 12%.
Flanks extension success would raise resources to 15Moz;
? Flanks licence application approved by the Russian Defence Ministry;
? Additional licence potential of 25Moz in 5km perimeter for acquiror;
? Open-pit mine potential with far lower costs vs. Bushveld complex;
? Proven M&A management team at EUA
Investment Case
Platinum Group Metal (PGM) focused company – EUA is a PGM mining company based in Russia and listed on the London Stock Exchange AIM market. Its two core projects include – 1) West Kytlim – an operating PGM mine in the Ural Mountains; and 2) Monchetundra – a palladium open pit deposit in the Kola peninsula. Eurasia also maintains an interest in the Semonovsky Gold in Mine Tailings Project.
West Kytlim already in production – West Kytlim, the second-largest alluvial PGM mine in production globally, has been in full-scale production since 2018 (~165 Kg of platinum produced). Contractor related issues saw production declining in 2019 which EUA has since overcome and is now aiming to ramp up production to 709kg or 25,000oz of platinum per annum over the next couple of years. EUA now operates the mine on a 100% revenue basis compared to the previous arrangement of 30-35% revenue
This might sound like a silly question and don't take it as a deramp cause im also in here as of a few days ago. What if the flanks don't get signed off by SevZapNedra for some reason? Is that even a posibility or is consulting them more of a formality?
Ben, central government have approved so highly unlikely regional would knock it back. Russian government will do well out of this deal, it’s in there interest to help it happen.
Pd exports for years
Tax on profits
Good evening Applegarth, the one point I would like to add to your post is this, I have heard that HMRC take a dim view of anyone actively trading from an ISA, you can buy and hold but if you are seen to be actively and regularly buying and selling stock you may inadvertently be picked up on their radar and deemed to be a Trader and that will invoke some fine or penalty, any share dealings are I believe forwarded by your ISA provider to HMRC as normal practice yearly, although the ISA is a tax-free wrapper there are limitations on what can go on within one, as I say no personal experience but suggest you take care if you want to retain your exclusivity from filling out a yearly Tax return..... :-)
all the best
Ian, do you know how they define 'trading'?
Anders, makes sense thanks for the response. It does seem to have some big hitters pushing it through, not many people will say no to the Russian Ministry of Defence
ian -wrong-you can trade 500 times (for e.g.) a day within the ISA as long as you dont take any cash out it is still within the tax free wrapper.
So if i sell and cash in my shares isa and i take the money out ie move to a normal bank account is tax due then or is it tax free what ever i do
Good evening Franny, no sorry I don't but I would assume the number of buys and sells per day/week/month there would be no problem in repeatedly buying into a stock but if you kept selling and then buying into another stock repeatedly and with the regularity you may show up, as I say I have No proof but just to be safe urge caution in the number of share transactions you carry out from within an ISA.
All the best
Ian when you created Shares ISA did you see any info about number of trades you can do??? I had no any restryction, no limite on number of trades, even I asked the question about it and the only answer I get the money must be in the ISA account. Each year you got the limit of the money which you can pay into ISA account and this is the only limit... all the best hope we can earn millions....
GLA
Ian, that is utter nonsense. The only restriction is the annual amount limit. Appalling to give such rediculous 'advice' here.
Tilly has obviously docked in Tortuga and he and his crew are stocking up for the long journey north! No doubt we will hear from him later!
Gla
Hang on stockdale..I have a SIPP and I am definitely not allowed to day trade in it.
No fair play MJ and Fulmar I stand corrected to your greater knowledge, as I say this was something I had heard and had myself used as a guideline to keep within the rules, so you are stating you can trade up to 500 times a day from within an ISA and not get caught!
But the question was about ISA
Ian was talking about an ISA. Once within an ISA there are no restrictions ad long as transactions are legal.
Rubbish, you can trade as many times as you like in your ISA and any gains are 100 %tax free, and when you take the cash out then you will not get taxed on taking cash out your ISA - FACT.
Big problem I experienced was a stock losing isa status, had to transfer it back to my trading account, really ****ed me off!