Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Good grades again ....
Terrafin If you don't mind sharing what are your plans? Do you intend to continue to hold through Sandstorm merger or are you selling out before the merger? FTP
@FTP - If the merger goes through (IF) I am in no hurry to jump ship - The fact remains a world class asset (HM) is what I am partly invested in - I will stay with SAND and see what the PFS brings at the end of the year - perhaps at this point the true reflection and worth of HM will be revealed - I'm in no hurry and enjoying the ride .... I have a feeling the SAND SP will increase over the next 6 months... AIMO
@Terrafin: yours mirrors my own thinking. I guess we are in for quite a ride ahead, but I'm also optimistic about the longer term direction if the merger goes ahead. Cordially Lionel
Terrafin Will they remove 30 per cent tax (or 15 if you fill in form) from cash payment when it all goes through or have I misunderstood this? If there are no tax implications I am also minded to stick with it and if there are I will sell and buy back into Sand through Canadian market which I can trade through III. Thanks for your feedback.
@FtP - the 15% / 30% applies to dividends only. You're not going to get taxed on the cash return, nor on any capital gains realised from selling SAND, except if it's outside of an ISA and over your CGT personal allowance as per any other share.
Hi Ludeck Thank you for your input. I've got all of my Marl shares within an ISA and have had conflicting information on the tax situation relating to the cash return. If it's not going to be taxed I'm tempted to leave things as I think there is a good chance that Sandstorm will advance later this year and there is a lot of upside left in HM albeit in a more diluted form going forward, although it will be important to keep an eye on the exchange rate as this will affect the outcome on future divestment. It's a big deal for me as I have am very exposed to Mariana as a percentage of my portfolio and it is a big part of my 'pay the mortgage off plan!'. I was told by one of the interactive team that the cash would be taxed as it was being paid from Sandstorm which is based in US? I thought it was a bit odd as its not a dividend but part of a buyout. I understand the dividends policy and the form that relates to this but trying to work out if we are in a grey area or if indeed there are no tax implications on the cash payment! Are you keeping yours Ludeck?
@FtP - no, I don't think so. I have sold a good chunk already as I had an imminent opportunity elsewhere. What's left will be sold early next week. I will attend the EGM, hear the YES vote announced with my own ears (or not - as the case may be), and then sell my remaining holding next Monday or Tuesday, before MARL is delisted. This makes the capital gains calculation and declaration much simpler and draws a nice line under this investment. I will be watching SAND closely and intend to invest in the run in to the PFS. They're now predicting Q4 for the PFS, so I guess I'll be looking to get in in November. Between now and then, I am not really keen to be exposed to the vagueries of the PoG or the USD exchange rate. Right now I feel that there's better opportunities than gold. Copper in particular is strong and looks to be strengthening yet further. I am also heavily invested in a vanadium play where I expect greater short-term upside than here. But in the run-in to the PFS, I am expecting fireworks here, and foresee the announcement of an agreement with Lidya to come soon after that. If that agreement with Lidya comes earlier, then I will miss the boat, and in that case c'est la vie...
name of vanadium play please. make a look at dollf and pretium, v. large gold mine about to open. best of luck
name of vanadium play please. make a look at dollf and pretium, v. large gold mine about to open. best of luck , see seeking alpha on both.
I'm guessing Ironridge Resources.