Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
ShipwreckSheep
I can see that no RNS is showing on this site, but as Bonkers has highlighted, an RNS has been released "Potential to cost effectively grow a valuable uranium asset alongside REE exploration"
JTec - This is the response I got from HL, I think it means the divi is credited for last tax year
This dividend will fall on this tax year documents, but not the new tax reports as the payment was declared 31/03/22.
If you have any other questions, please get back to me.
Kind regards,
Harry Millerchip
Hargreaves Lansdown
Hi Thronegames, as I've posted before, I've managed to successfully argue the case for withholding tax within my HSBC ISA, and had the additional 15% refunded. I have since moved my account to HL and have no issues with the correct tax being deducted.
Although HSBC admitted that their process and procedures were wrong, when the next divi was due, they again withheld the 30%. I was refunded and compensated, but then chose to move my account.
I have held these for 2.5 years and have an average of £1.05, I'm happy to hold at the moment, buying on the lows below my average and taking the dividend.
We've discussed this issue many times over the last couple of years, and Jim800, I don't believe adv11 is in a minority. I have been affected by the 30% withholding tax with HSBC. Last year I successfully challenged this and had my 15%'s refunded and received compensation. HSBC admitted that they had the policy wrong and were going to review it. However, as of March this year they were still applying the 30%. Again I received the 15% and compensation. I probably have enough evidence to raise with the Financial Ombudsman, and am still considering my position.
I did move my portfolio to HL after checking what withholding tax they applied, and have had no issues. i.e. only 15% deducted
I've been wondering why the recent sp rise also. Not sure if this link explains the full picture?
https://oilprice.com/Energy/Natural-Gas/The-US-Could-See-Record-Natural-Gas-Production-In-2022.html
Welcome Thronegames - I've held these since March 2019, nearly 50% of my portfolio now, holding mainly for the dividend, but do you know what tax is withheld on DGOC. If not, you don't need to go back far on this bb to see the issues some are having.
Edwina - There is a Withholding Tax Allowance between the USA and UK of 15%. Now, not all platforms honour this treaty and tax you at 30%.
I was with HSBC who withheld 30%. I have since moved to HL who honour the 15%. It was worth me moving as I was losing £100 a quarter.
Depending on who you are with, WHT dividends outside an ISA are taxed at the same level as you ISA. The only income tax you would pay as mentioned earlier is if your non ISA dividends are over £2k per financial year
Best to check with your platform on which tax they apply, 15 or 30%, if your not sure
@CAWren, I had a complaint with HSBC for over a year about the 30% withholding tax. There is clearly a 15% US/UK tax treaty, and I eventually got HSBC to admit in Sep 2020 they were wrong and I received the additional tax back that was withheld. There statement to me was
"I’m sorry the Withholding Tax paid on your Diversified Gas and Oil Plc shares was incorrect. Thank you for bringing your concerns to our attention and allowing us to rectify this matter. Due to the nature of the case and it involving US tax payments, I apologise for the time our enquiries have taken."
I still felt unhappy with the service they provided, for example holding back REIT tax from an ISA, and paying it a month later. I moved my account to HL and only get taxed at 15%, and receive my ISA REIT divi's in full on payment day. Not sure how much DGOC withholding tax you are losing, mine was £400 per year, but any additional costs were easily covered by moving my account. But you need to check that the broker you use honours the 15% US/UK tax treaty .
Hope this helps
I lurk in the background, like a lot of others on here, but try and read daily. I know that MF has been negative in the past re GGP and gold in general, but the link from Rupert Hargreaves today, appears to be more bullish than what I've read in the past. GLA
https://www.fool.co.uk/investing/2020/12/06/the-ggp-share-price-is-rising-heres-what-im-doing/
Ldonald101 - I made my mind up a few weeks ago to keep my average below 20p, although I noticed another poster would top up, up to 30p. I would rather see the SP rise, but if it goes below 20p, then I shall top up. The important thing for me at the moment is to hold for 18 months to 2 years. With the other licenses due to be drilled in the near future, hopefully the future SP will help with a comfortable retirement in 2 years time. Good Luck
Adz, if you've gone back to when Elise was talking about paying off her mortgage, surely you would have found your answers in more recent posts, there's plenty to read to understand the past and future journey. GLA
adv11 - It looks like SDV will have to sell DGOC, they target AIM companies which are capitalised at less than £500m
Adv11 – I think the type of account is irrelevant. Your argument is that there is a US-UK treaty which states that as a UK Investor you should only pay 15%. You know of other holders who are with HL & ii for example, where withholding tax is 15%. Your question to them is, “You believe that you are being financially disadvantaged when there is a Tax Treaty in place where you are only obliged to pay 15%?”
You could also ask who is financially benefiting from your additional 15%? I’m sure the IRS don’t require it
Thirdly, you are being treated financially unfairly compared to other UK Investors, if they will not resolve, you can state that you will go to the Financial Ombudsman. I personally don’t believe that they have a leg to stand on