Member Info for Horult

Been in Prem for 3 years so liking it the last 6 month - may well rise up further toward end of march as that is when first sale of spodumene is expected. I have sold some bits along the way but will be keeping some for next 3-5 years.

88e is looking disappointingly stuck, I thought it would have started moving by now. Assume there is still some uncertainty on the rig after recent deramping? However the spud date is next wednesday so surely it should start moving soon?

I need to train myself to get out earlier. I have a nasty habit of thinking there is more to come and it going against me.

UKOG is not fracking - UK government does currently not allow it

company has a habit of pulling people in, then SP falls back and company does another raise
one of several companies I have put in the bottom drawer - I'm in there at 0.18

The ISA thing is just theory crafting at the moment - but the people who have benefitted most from ISA - as usual - is the wealthy. If you can afford to max your ISA with £20k every single year - you are not exactly poor. Like Dai said, most average people would probably only manage to save 2-3k per year.

In my opinion I do not think the tax cap would be on the upper end. It would be tricky to police I think and you would end up with people balancing the books, selling losing share to try and keep it under 100k. How could they cap it too? Just because your paper value is over 100K that can not be capped yet as it's not sold and prices may drop by the time you do go to sell.

I think what they could do however is cap your entry point. So the max you can invest is £100k - but it can still grow to whatever amount you are able tax free. This would actually sound reasonable to me. The average Joe would likely not be affected. If you are in situation where you can invest £20k every single year - you are in a position where you can easily afford the tax.

not an all time high
but it is highest for 6 years and looking good

maybe a little quieter from the americans as it is a bank holiday

I3E does not fit into a short term traders opportunity really but if you are looking for a long termer this could be good right now.

The price has been falling so could be due a rerate upwards. There is growth potential. It is one of a few AIM shares that gives a dividend.

***the really interesting thing right now is that at the current SP the dividend yield is at 10.9%
the dividend is paid across 10 payments per year, so almost monthly

t r a d i n g 2 1 2

without spaces

that /invite and code will just give you 1 free share if you do decide to put funds in

"There was a game on lse, but its gone"

If you wanted to practice some trading strategies - without the risk of actual money, you could use a 212 account. You can sign up and just not transfer any money in.

They have a practice section which you can add virtual funds to. You could use that to practice your 5% strategy or other strategies. It has live prices and charting tools. Website version and phone app. I played with it for a couple of month before I put any money in.

Just a thought.

https://www.**************/invite/Fz1mYV0h

** inside an ISA the commission fees and taxes are not really relevant
that is only really needed outside ISA for capital gains tax calculations

I was doing some thinking and for your own manual simple spreadsheet you are probably better of completely ignoring the average price anyway. If you include an accurate average - you are just doing the exact same thing as your brokers calculations anyway so what is the point in repeating it? All you need are quantity of shares and buy/sell prices. Lets look at both using our previous 3,6,9 prices but lets add in more after this to represent an example like He1 where you do a buy/sell below the average. Lets buy at 2p and sell at 3p.

I believe the correct formula for average would be ( (number of existing shares * average SP) + (number of new shares * new buy SP - fees )) / total number of shares = new average SP

fees are your taxes and commission. Lets ignore those for simplicity and mostly not paying stamp duty and things on AIM.

buy 1 share at 3p
buy 1 share at 6p
(1*3) + (1*6 ) /2 = 4.5 average and total of 2 shares
buy 1 share at 9p
(2*4.5) + (1*9) / 3 = 6 average and total of 3 shares
now sp drops to 2p and you want to take advantage of it, so lets buy 3
(3*6) + (3*2) /6 = 4 average and total of 6 shares
you now sell these 3 shares at 3p but you will not be using the buy price of 2p - you are using your average price of 4p
(3*3) - (3*4 ) = "loss" of 3p
average stays the same at 4p now total of 3 shares left
lets say the price now rises to 12p lets sell all the shares you have left again using the average buy price
(3*12) - (3*4) = profit 24p
take away your previous 3p loss gives total profit of 21p

It's easy to see in your head that buying 3 shares at 2p and selling at 3p gives a profit of 3p but using the averages in the above example it is a loss of 2p and this is how your broker shows it. So for your spreadsheet I think it is better to completely ignore the averages and just rely on your buy and sell prices

buy 1 share at 3p
buy 1 share at 6p
buy 1 share at 9p
buy 3 shares at 2p

now completely ignore the average prices use your original buying prices
then you sold 3 shares at 3p ( you bought these at 2p)
(3*3) - (3*2) = profit 3p
sold 3 shares at 12p ( you bought these at 3,6,9 )
(1*12) - (1*3) = profit 9p
(1*12) - (1*6) = profit 6p
(1*12)-(1*9) = profit 3p
total profit 3+9+6+3 = 21p

So the total profit is obviously the same in both situations once all shares sold, it's just how you are looking at it in the middle of the process which can get confusing. If you want to consider average prices, I say completely trust the broker as it will be correct and you will have to accept those trades that show as a loss (even if in your head you think of them as profits). You would not need a spreadsheet in that case.

Or just completely ignore the averages altogether and keep a log in a simple spreadsheet yourself. I hope this makes some kind of sense!!!

I will look at giving an example of a manual calc vs what the broker would do tomorrow
it might help the understanding of it
not just yours I might add but me too - as I find that the best way to understand something, is to try and explain it to somebody else!

right now I am a few beers down and finishing top gun - which be be followed up with top gun maverick so not best time to get my head around it ;-)

I just go with what the broker says - but I have had to do some spreadsheet stuff for my capital gains tax calculations. Was looking at potentially starting a manual spreadsheet at start of year as hopefully I will have most of my stuff in ISA then and will no longer need to do a tax return

Average two trade buy at 3 then 6
(3+6)/2=4.5
So another at 9p
(4.5+9)2=6.75

But to average 3 numbers or 3 different shares you would do
(3+6+9)3=6p

I think you are not quite right there though matey

it is not
So another at 9p
(4.5+9)2=6.75

because that would be (1 share at 4.5p + 1 share at 9p )/2 = 6.75
what you actually have is (2 shares at 4.5p + 1 share at 9p )/3 = 6

on your HE1 say your average is showing as 6p
but you now bought some shares at 4p and sold at 5p - in your head that is a profit
but your broker will be showing you that as a loss as it is below your average ( but it will now be giving you a new lower average price now below 6p )

the averages get tricky
you need to either completely ignore the broker and do your own spreadsheet
or just trust the broker

overall in the end it should be the exact same profit or loss once every share has been sold
it is just how you are interpreting it during the middle whilst you are still holding some that can be hard to wrap your head around

was going to say its not necessarily a good thing as they usually get it wrong

but then right at the very bottom, the article looks to do a full 180 and he says he will NOT be investing
now that is a good sign!

88e looking like friday fomo finally started to kick in
may finish blue yet

are they trying to scare us into selling early?

because it's an algorithm that guesses it is not accurate

"I'm not expecting fast results on TM1"

WTFDIK - its up 20% this week

copl existing bond holders converting into shares early

lead acid factory is already running and stockpiling materials ( 9000 tons processed up to December)
but awaiting trade deals as they have not yet sold any of the recycled materials

so yeah could be very interesting few month!!

lots of chatter on COPL BB today
bond converted this morning
many people talking it up as a good sign but also lot of people deramping it
which I guess is about right as per market reaction - not much price movement

awaiting on JV news - this one could rerate big back upwards - but impossible to know if/when