Member Info for dai2belts

Void, Gov are crafty, talking about fuel security, handing back money to the big boys who can invest, while making it tougher for small oil and gas producers.
If your a small oil and gas company making a small profit after tax of say £250k, to maintain that profit in order to build cash for future investment, you have to be a magician..
Before The big boys huge profits, tax was 40% then it increased to 65%, and soon 75%..
So for £250K
AT 40% tax, you need to make £415k, thats £166k to gov, keeping £249K
at 65% tax, £715K, £465 to gov, keeping £250
75% tax, £1m, £750k to gov, keeping £250k

Not being an accountant not sure thats correct, but its 75% for Gov, and 25% the company.
Almost nationalization ..

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tm1 gapped down 2nd Nov ??
@ Nov 2 RNS
to a new institutional shareholder at a subscription price of 1.25 pence per share, which will represent approximately 2.45% per cent of the Company's enlarged issued share capital on Admission.

nice barter. either the supplier is down already , or they got paid handsomely enough to accept the premium
Additionally, the Company has issued 1,100,000 ordinary shares in lieu of payment to a supplier at a subscription price of 1.89 pence per share, which will represent approximately 0.08% per cent of the Company's enlarged issued share capital on Admission

Application will be made for the 33,100,000 new ordinary shares, .......9 November 2022 ("Admission").

All ISA, mostly AIM so no duty for the Gov ;)

KevR, I did a good bit of reading on tm1 last rise, but I cant recall much, today I am struggling to remember which shares I hold...;(
Its the new lead acid recycling plants, there must be many around the country, but i dont know, not looked..
I see the mining side eating up revenue, if not kept seperate.
Then there s tm1 acquiring more of the other company, which if i recall correctly is kind of tm1, confused there..
I Need to check that out..
Can you clarify the acquisition for me ?
Podcast, will listen later..

Not listened yet, heads hurting too many shares, and that budget 75% tax on my EOG and Kistos profits, then the investment allowance dropping from 80% to 29% relief, but still allowing more tax back in the pound, blown a fuse..
blooody accountants, always talk riddles

Lol, the thing with these interviews, a good CEO can put a positive spin on not so good news..
I watched Gcat, sounds a buy,
Then thought why did he say they got the funder they wanted, and not just we have a likely funder.
DM keeps say their preferred, as if first choice??
AZ kept saying they had a choice, but in no time they got another to pay off the first, better terms, 1st kept diluting..

AZ Syme, was class, RNS would send the price down, so out comes a new video, everybody is buying again..

You need to compare the examples in these two links....unless your an accountant..
May 2022, Junes Update
https://www.gov.uk/government/publications/cost-of-living-support/energy-profits-levy-factsheet-26-may-2022#_ftn2
Jan 2023, Nov/today Update
https://www.gov.uk/government/publications/autumn-statement-2022-energy-taxes-factsheet/energy-taxes-factsheet

Thats what written, they reduced the allowance by 51%, yet you can claim back more in the pound ?
No wonder the country is a mess, everything is a riddle..
I wonder how the smaller companies who cant afford to invest will manage, the gov are benefiting from 75% of their profits..

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Got me wondering how much extra is needed, in order to maintain £250k profit at the 40%,65% & 75% tax

75% tax Make £1m pre -tax profit, £750k to gov, keep £250k
65% tax Make £715K, £465 to gov, keep £250
40% tax Make £415k, £166k to gov, keep £249K

If they apply these taxes to all, then the gov are taking away cash that could help grow the small companies and create jobs..

If that tax is on all profits from the first £1, of all companies then those small producers are not going to benefit, their tax has almost doubled, 40% to 75% ...unless they can utilize that investment allowance
Make £1m pre -tax profit, £750k to gov, keep £250k
Previously at 40%
Make £415 pre-tax profit. £166k to gov, keep £249K

Extended to 2028, is that with review, previously the EPL included a sunset clause end of Dec 2025?
I guess the dont see energy prices coming down for a while

looks like the Gov are predicting high oil and gas prices, upping the additional 25% EPL tax to 35%
So 75% in total..
thats the 40% headline rate tax on profits consisting of 30% Ring Fence Corporation Tax and 10% Supplementary Charge, and 35% EPL..
The Gov are already raking in extra tax through VAT , as a result inflation...
Are we still paying VAT on household energy?
, if so the Gov tax income through that stream will have doubled along with our bills

I am not sure about Tm1
Companies have been recycling lead acid batteries for years, and as the switch to lithium increases will LA is bound to shrink..The change might be accretive though
Then its a miner too, so will need lots of cash, but its early days
So whats the next big news ?

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Unclear comment...
that 500 boepd is PMG share of the dutch oil fields production

Talking about sentiment setting prices, the more you look the crazier AIM gets..
comparing
PMG to DELT

PMG.(60p). MC £69m (only 109m, maybe a consolidation)
Production averaged approximately 500 boepd from 4 dutch fields(share of), a revenue producing windfarm
A number of North Sea assets,
Development stage Moray Firth
And a number of exploration licenses

DELT MC £68M
Has 4 exploration licences, with JVs
First to be drilled this week..

I was out walking and thought to myself, DELT is in the exploration stage, North Sea like PMG, so 60p in a few years at first production... x15...
Then looked at the MC...DELT with only aspirations is worth as much as a producer, with windfarms and a North Sea Development project...
Must also be many just look the share price, just wonder what will happen when gas gets back to pre-covid prices, or just double.. Not sure if oil will though..The producers will want their profits before demand drops going green..

What a bunch...
Anyone buy Harl, its still going...
DELT is still going up, my picks have improved this year, but my missing are even better HARL, CINE,
Kev nexy year we will know how to pick them..
DELT is drilling with Shell, shell does do high risk drills, but shell is an endorsement for DELT, will it break 4p.....
Kev as long as they always win....and dont do a He1 on us, or will time it like EOG,

Budget, taking the dog for a walk, in the olden days price would go up while I was out,
Gcat, showing up 7%, did they drop the price very end of day yesterday.. been 0.62 to buy since I started looking

the other lake, not one whitey
https://www.youtube.com/watch?v=DiTsCtmFKHI

Sumbawanga, near lake Rukwa, no sign of DM or Mike
https://www.youtube.com/watch?v=RUDSayRO-i0

And on a downward trend

Hey Void, with good timing and for the price a few pints you can make your pf blue again
Just do it it when the spread is tight ;)