Member Info for Boyzer1969

Yeah - but PEM's are a good thing... but there's a few floating around today... The Volume is big again today, but there a fair bit of day trading going on too... I get that some like to get in and out quick, hit their target for the day and go home, but they don't know the power of the UFO... Once they clear off, the wedge will spike up again....

Ozzie Junior Miners

Open gapped up, Argent, Boab and Investigator all up 20-30%

Topped up by 1m on Thursday at £0.00944 Luck rather than judgement i'm afraid....

Just thinking, if a RNS is dropped at 7am tmrw... I don't care if it's about Bill having scratched his balls, whilst on a zoom call to the Mexican Silver Licence Agency, can imagine what that would do to our SP....

The lifetime allowance question, 1.074m is a bit of a pain... But as others have said, good problem to have.. I did similar 944, moved a DB to a DC SIPP and managed to make it grow significantly, fa more than i ever expected... And this past 12 months really has been shooting fish in a barrel...

Options... Always get financial advice - i recommend Blevin Franks in particular, but you can use them on a call down basis only rather than a percentage. I had to pay a percentages on some of my transactions and one in particular was very painful, £16k for two documents..

Anyway, your options can include QROPS, or calling it down as income and only pay 45% but with limits to avoid higher rates taxes, or as a crystallisation event and take it as the lump sum with 55% as you suggested...

QROPS if an option can include relocation to the EU which is still possible for high net worth and investments in businesses or property. So for example, crudely, you could move it to Malta, pay 25% crystallisation on the excess, whilst you move to Portugal, and only pay 10% tax on income from it. In addition, malta i believes allows a 30% lump sum... This is all a very crude summary, not advice and may well be different to the last time i spoke with an advisor, indeed, the 10% tax rate is new, it used to be 0% on pension income.... You may find a mix and match approach works and abroad isn't for everyone. Cyprus used to be attractive, as you could upto about a decade ago, do a qrops, pay a charge, then get it all as cash... HMRC didn't like that one...

Anyway, best idea, get preliminary advice now, and closer to the time, confirm it and put it in place. Damn rules changing all the time, and it may well be that the above is out of date, and i've also read some quirky hmrc rules about moving abroad and still being liable for u.k. tax rates, for 6 years after, to stop some of these workarounds...

You i'm kinda impressed by the millennials managing to gang up on the shorters.... Seems like it's worked to some extent, but at the same time, i can't help but wonder if they are being manipulated, because a lot of those shorters also go long on the same shares, which generally they use to dump at strategic points to move the market too. In addition, if they now take out shorts out, it's presumably a matter of time before greed kicks in and people cash out of GME too... Hopefully they don't take down the market in the meantime.

However, i'm just wondering if they have any success against silver (if sentiment is anything to go by, they may have some momentum here already) but after that what next.....

Short the Banks.... See how they like it...

Yeah i know impossible, but i would have said that about taking down a hedge fund, and we are talking the possibility of taking down silver... If they can do those, as they gather support, momentum and no regulatory intervention to fix the market, before it needs saving... Why couldn't they.....

Apart from the fact i could lose everything i have invested, it would be quite funny.

944 - I suspect you are wiser than moi, however, i've usually found treating two equities transactions as one troublesome and akin to chasing the trend, which inevitably leads to less profits, sometimes losses.

If ggp has run its course for you, or you are in a take profits situation, then of course diversification is sensible. I always bang on about it on my own posts, but having an exit from any equity is always part of my plan and short of losing faith in that plan or just plain greed, i try to stick to it.

GGP does look interesting but doesn't have the potential i see here.

Personally i'd love to have another 3m here, but i would be breaking some of my other hard rules about maximum investment in any one equity, so i sympathise with the sentiment to add more here...

Whatever you do, good luck... Wishing you lots of extra gravy whatever way the SP goes.

lol @ Max... Go Bill.

I’m sure they will be released as soon as possible, withing the regulatory requirements. i’d love one on monday myself to try and lock in this range, but being honest, real rns that move prices confidently and sustainably, don’t grow on trees. Bill’s remit is to unlock shareholder value after years in the doldrums... He knows this.

The shorters dumped some of their stash of silver with 15 seconds befire the bell. They won’t go down easily...

My mistake.

When i saw the pic for the first when i was doing my diligence.... That’s was the cherry.

Understandable they stopped mining that mine when silver was $14, but $28 today maybe and it will be ch ching to our cash flow.

Yeah i have a similar exit plan... When 1m of my shares cover the cost of my 5m, i will take my costs out. Then let the remaining 4m ride til i feel the projects are reflected in the SP and there’s nothing new in the pipeline.

Silvers going to bounce off $28 today - if the reddit crowd have their way, could even punch right through it by about 6pm our time.

I’ve tried trading candles before - never managed to make a success of it. News and external envrionment is what seems to drive up Ufo, against a backdrop of manipulation... At the moment is the silver price vs manipulation - hope silver wins.

Yeah back above $27 i can see it hitting 28 within a few days. The shorters are under attack i hope. Billions to be made, if successfull.

Back to 1.05 - somone is doing this on purpose, tactical sells at strategic points. Easy & cheap on low volumes. Wish i knew why.

The relevant reddit groups are now being taken down as fast as they can go up....

The great restart huh, Erase Trump and destroy Parler, and reddit clearly doing what it can to make sure it doesn't get battered by the new narrative whatever the Dems decide it is. Scary world we live in...

Also talk of a class action over on Reddit... I think Robinhood reputation also destroyed. Will be watching Cramer later to see what he says - having to suffer the kids Anime right now. FML.

This is my fav Ufo day so far. £17k profit and negated my losses for the week across my portfolio from the China, Uk and Us pullback.

US is now on the rise again, hopefully Ufo holds and new pot record for moi.

That new yacht is getting longer by the day.