Member Info for archways

nonhebel11 - that's fine. Nothing personal but I hope that you got upset today.

nonhebel11 - yes, why do you ask?

Hi MF11 - thank you for mentioning me. I shall be 84 in 11 days time, but I am clearly not the oldest shareholder in Greatland.

If you wanted to achieve two cards with the same specific number, for example 2022, then the odds appear to be 9,999 times 9,999 against, but if you didn't mind which was the repeated number then the odds appear to be 9,999 to 1 against.

JiffyBag - the former is using Greenwich Mean Time and the latter British Summer Time.

Hi Bamps. That's the way to deal with them. Don't let them annoy you. Keep providing us with information and your thoughts. I am sure that most of us are learning from you.

Hi Sureasblazes. It was good to meet you at Stroud. Keep posting.

Hi Bamps and thedoors.
May I suggest that at the next get-together at Stroud you take advantage of the space on the first floor of the venue so that Bamps can display the plan on page 7, explain to us how he has arrived at his conclusions, and invite questions. I think that most of us would like to be able to interpret the plan but currently do not have Bamps's expertise.

I too thank thedoors for arranging our get-together this evening. It was a great pleasure to chat to everyone and to be educated by, in particular, Bamps and CostaMooney.

Many thanks Redirons.

Long term holders may remember that 31st May is the day in each year when I confirm that I am still alive and still holding Greatland shares. I bought the holding on 31st March 2020 at 4.58p and it remains unchanged. It was on 31st May 2020 when others were telling us their target share prices and I said that my target was to live for five years to see how well Greatland had progressed by then.
On that day the share price was exactly 10p, and one year later it had risen to exactly 22p, a rise of 120%. As we all know the shares have since fallen steadily and are now exactly 11p, a fall of 50% over the year and a rise of only 10% over the last two years (still better than leaving the money in the Bank). However in my opinion the prospects for Greatland have never been better. I shall be 84 in August and I hope that I shall still be around on 31st May 2023 and will be able to celebrate a much higher share price than is the case today. Isn't it strange that the UT on 31st May in each of the last three years has been exactly a round pence figure.

thedoors at 8.02.
I shall definitely be there.

I will be joining you all again, but this time on my own. My wife had a replacement hip operation a fortnight ago. She is doing well with her elbow crutches but it is too soon for her to be among a number of people.

MattyBoy1965 at 8.46.
That article yesterday appeared to be treating the nominee holdings as entirely institutional holdings, but in my opinion we expect that they are almost entirely, if not entirely, the holdings of private individuals. It was therefore misleading to state that "institutions actually own more than half the company".

Will I find gold with Enjoy D'Allen and Run Wild Fred?

Hi Huncher1.
I am sorry but I still do not understand your question. In particular the word "further".
If you have an ISA it is free of Income Tax and Capital Gains Tax. It is not free of Inheritance Tax unless it contains an investment which in its own right is exempt from IHT. If the ISA only contains an investment which is exempt from IHT then there is nothing to prevent it from being exempt from IT, CGT and IHT. Does this answer your question?

Hi Bunky1981.
I am trying to find out what "rules of thumb" HMRC use when deciding against allowing exemption from IHT.
Has anyone on this board ever come across a case where HMRC have not allowed exemption? If so, it would be interesting to know the reason for the disallowance.
I want to leave notes for my Executor which will point out the possibility of exemption if certain situations still exist at the time of my death, such as (a), (b) and (c) in my post at 9.29.

Update to TomE and others.
I have not received a reply to my email yesterday to Investors Champion but I have accessed its website this morning and found that I am now able to see what it says about Greatland.
It says "From publicly available information available to us at the time we last updated this information our research suggests Greatland Gold PLC (GGP) is IHT Qualifying. Investors Champion makes no guarantee as to the accuracy or completeness of this search result. The information last updated 22nd March 2022".
In other words thank you for your £5 but we cannot give you any guarantee that what we tell you is correct.
I am going to rely for the time being on Chris Boxall's view that Greatland will not be exempt from IHT unless (a) the deceased has owned the shares for two years; (b) the shares are not quoted on a recognised Stock Exchange; and (c) the company is extracting minerals from the mine. I have not seen anything to confirm that hamiltrj at 11.46 yesterday is correct in suggesting that perhaps Greatland needs to have been extracting minerals for two years before the shares qualify for exemption.

Huncher at 18.38.
ISAs are Income Tax free and Capital Gains Tax free but not Inheritance Tax free (unless involving an AIM stock which qualifies for exemption).

Progress report to TomE and others.
I have managed to register with Investors Champion this morning and I have paid £5 for a search of a single company, but its website still says that I must buy some credits before I can look at a company. No one is available on the phone number that TomE provided, so I have sent them an email a few minutes ago.
However I have noticed this morning on its website that a Chris Boxall said in February 2015 that "Exploration assets held by resource companies - if they aren't physically extracting something this is deemed a property asset - therefore non-qualifying", so it looks as though I need to live another two years or so until gold or copper is brought to the surface. I bought my Greatland shares two years ago today, and I want to update the file which I have created to help my Executor when the time comes.
When I receive a reply from Investors Champion and can access their opinion on Greatland I will let you know.

Hi JO.
It is clear that two of the rules are that the shares in the AIM stock must have been held for two years and the shares must not be quoted on a Stock Exchange, so if Greatland were admitted for quotation on the London Stock Exchange (or the Australian Stock Exchange at the same time as being quoted on AIM) their shares would not qualify for exemption from IHT.