Member Info for Ian_

Hope this helps - Part 1

Eurasia Mining: One Year On

July 9th 2020 may not immediately strike one as being an important day on the stock market. But as we approach the anniversary of this date, shareholders of PGM and battery metals group Eurasia Mining (EUA) may be able to look back at a year of progress since the stock came back from suspension. This is especially the case given that they have seen off the bears / shorters who assured us that Eurasia would not return to the market.

A Fundamental Play

Despite all their best efforts of the naysayers at distorting the fundamentals of the company and defaming the board and the management, we are now looking at a company with a market cap of nearly £600m backed up by strong fundamentals (Rosgeo JV adding over 100Moz PGM to Monchetundra, West Kytlim scaled up from 1 to 3 plants and strong ESG focus). There has also been large institutional buying at the market price including Blackrock, Fidelity and Goldman Sachs to name a few. But of course, the problem is that having invoked every possible negative regarding Eurasia, and attempted to scare ordinary private investors from the stock, it would be plain embarrassing to admit defeat.

Short Supply

That said, enough of the negatives which are increasingly becoming a characteristic of the stock market. Eurasia has been a winner since the pandemic struck, off the back of an appreciation of supply deficits in PGMs, its position in the battery metals space, as well as being an environmentally sustainable miner of green metals. Clearly, anything related to the EV revolution, as well hard assets in general, have been well supported in the past year, and this state of affairs looks set to continue.

A Structured Portfolio

Nevertheless, where Eurasia has been outstanding is not so much in riding the tide of macro factors in its favour, but structuring its portfolio in an optimal way. Indeed, it would appear like any sensible company would do, always ready to prepare itself for whatever eventuality it may face – pandemic or no pandemic, company takeover or asset sale.

M&A

While Eurasia fielded offers during its FSP and, will no doubt have further interest going forward, it has moved to consolidate its position as a major mining player. This has been achieved both through the weight provided by its market cap, which at one point exceeded the £1bn, but also by some savvy deal making.

TBC Part 2

I admit that is not the way I was taught to spell the word PHRASE at school.... and I made a typo!

Google has been kind to me this morning as I found this.

People also ask

Is Frase a word?

1. A simplified spelling of phrase.

So that is my get-out clause :-)

Morning Littleredrooster,

I did say I had only just got up :-) ...... OOPs, you are perfectly correct and we have NO one down for today! oh well, sorry everyone, think I will go back to sleep ........

Thanks for pointing out :-)

Good morning shipmates and everyone else,

I'm late rising from my hammock today!

Frase of the day - "Eurasia would not be the world-class player that it is now"

Today's hopefuls are:-
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Ducter - 07/07/21
Parttimer32 - 07/07/21
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Good luck all, cheers.

Good evening all,

Today's only hopeful was:-
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RailwayPete - 05/07/21 - Happy Belated Birthday for yesterday!
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Bad luck Pete!

Have a lovely evening everyone and good luck to British Emma Raducanu who is playing Ajla Tomljanovic on court 1 at Wimbledon this evening.

Cheers.

Just to say is holding up very well, currently, Palladium is Price Per Ounce $2,847.50 and up + $25.50

https://www.apmex.com/palladium-price

Just nice to know ....

Good morning JT,

Please feel free to add me to your ever-growing list, the more the merrier!

Any shareholder would only want fair trading on a stock they held, and what we have witnessed is anything but!

Total manipulation ....

Good Luck, John, Cheers.

Good morning Saxonaxe, shipmates, and everyone else, I hope you all had a lovely weekend.

Today's only hopeful is:-
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RailwayPete - 05/07/21 - Happy Belated Birthday for yesterday!
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Good luck Pete!

I'm in no hurry for my Return On Investment, the company has done no wrong and only massively enlarged its asset portfolio, so what is good for the heavily invested BOD is also good for me! and one day the value of my shares will have gone up considerably! Just a waiting game.....

Good luck to Emma Raducanu the 18-year-old wild card female tennis player at Wimbledon, nice to see the little known underdog perform so well at her first Wimbledon contest who is the last British woman standing in Wimbledon's singles draw.

Let's hope the share price rise continues today, no reason for it not to, very undersold in my book, and did add a few more to the ever-increasing pot last week.

Good luck everyone, one day, one day .....

Good evening all

A nice finish to week BLUE for once!

Today's only hopeful was:-
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MarkA8178 - 02/07/21
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Unlucky Mark, NO RNS today, better luck next time!

I gave an example of how to calculate CGT earlier on, for Amur, who seemed unsure of the facts!

I posted this simple off the cuff example to demonstrate using 10% and 20% taxation figures.

£212,500 - £35,000 = £177,000, so you pay TAX at 10% on the first £35,000! leaving you £177,000 to pay 20% tax on!

10% tax on £35,000 = £3500
20% tax on £177,000 = £35,400

Add the £3500 + £35,400 = £38,900 to pay in TAX

He then went on to say this happened back in the 2012-2013 tax year!

Back then the CGT tax classes were higher at 18% and 28% Ouch!

£212,500 - £35,000 = £177,000, so you pay TAX at 18% on the first £35,000! leaving you £177,000 to pay 28% tax on!

18% tax on £35,000 = £6300
28% tax on £177,000 = £49,560

Add the £6300 + £49,560 = £55,860 to pay in TAX ..... Ouch .....

And before anyone says he can offset this against any previous years losses!

"Capital Gains losses must be notified to HMRC within four years of the end of the tax year in which they were made"

The tax year for 2012-2013 was way over four years ago!!!!

Just having some fun with figures :-)

Have a lovely evening everyone, and glad JTMacs is back on board!

Cheers.

Just to point out about 'Rollover Tax relief' it does only apply to business and is a way to defer CGT, and not eliminate any TAX due to CGT!

The following types of BUSINESS will benefit from the CGT rollover relief:-

– Trading

– carrying on a business of furnished holiday lettings

– occupying commercial woodlands and managing them commercially to make a profit

– carrying on a profession, vocation, office or employment

– providing an asset to your personal company

– disposing of land by a compulsory purchase

Please NOTE the BUSINESS of TRADING, and NOT the normal Private Investor!

So posters who claim that they can claim this Rollover relief are either misleading ordinary Private Investors OR are BUSINESS TRADERS here that may be masquerading as Private Investors, I will leave you to make your own mind up on that one!

:-)

Haha,

"Have you ever paid anybody in the hand for services rendered ?"

Yes, but it was late at night and down a back alley :-)

Only Joking ....

Amur,

From HMRC Website

https://www.gov.uk/tax-sell-shares

TAX WHEN YOU SELL SHARES!
You may have to pay Capital Gains Tax if you make a profit (‘gain’) WHEN YOU SELL (or ‘dispose of’) shares or other investments.

Shares and investments you may need to pay tax on include:

shares that are NOT in an ISA or PEP
units in a unit trust
certain bonds (not including Premium Bonds and Qualifying Corporate Bonds)
You’ll need to work out your gain to find out whether you need to pay tax.

This will depend on if your total gains are above your Capital Gains Tax allowance for the tax year.

When you do not pay it
You do not usually need to pay tax if you give shares as a gift to your husband, wife, civil partner or a charity.

You also do not pay Capital Gains Tax when you dispose of:

shares you’ve put into an ISA or PEP
shares in employer Share Incentive Plans (SIPs)
UK government gilts (including Premium Bonds)
Qualifying Corporate Bonds
employee shareholder shares - depending on when you got them

Amur,

"Come on ian......its not that hard.

I staked 25k in gkp in 2010 and sold my shares in 2012 for 250k.

I never took any cash out of my dealing account but re-invested it in des and rkh eventually selling and have 10k left.

How much do I owe the taxman?"

From the figures you have provided YOU have made £225,000 profit, AT THE TIME YOU SOLD YOUR SHARES!

If you did not sell the shares you have made NO profit, BUT you DID!

So with a nice £225,000 profit and without taking 'YOUR INDIVIDUAL PERSONAL CIRCUMSTANCES INTO ACCOUNT' so simplistically.

So £225,000 profit, less say a £12,500 CGT allowance, leaves you with a taxable profit of £212500.

CGT rate Basic-rate payer 10%
Higher or additional-rate payer 20%

So depending on your income you will pay a tax rate of %10 up to the limit of the basic rate taxpayer!

And 20% for everything above and over!

Without knowing your income and just as an example without any income involved!

Let's for example say a basic rate taxpayer can earn up to £35,000 per year.

And a higher rate taxpayer is from £35,001 - £150,000 income per year.

£212,500 - £35,000 = £177,000, so you pay TAX at 10% on the first £35,000! leaving you £177,000 to pay 20% tax on!

10% tax on £35,000 = £3500
20% tax on £177,000 = £35,400

Add the £3500 + £35,400 = £38,900 to pay in TAX

Taking any income into account and you will owe more TAX!

Just hypothetical calculations to show what you might owe HMRC,

I hope you have a spare £40,000 knocking around for when the taxman comes a-knocking :-)

If you don't like the answer, don't post the question!

Only trying to be helpful...

Amur, you came here and posted what you had done, and how much you had made, then stating you did not think you should be paying any TAX.

As others have pointed out if, outside a tax-free wrapper like an ISA, you are liable for any tax over and above the CGT allowance.

Ignorance on your part is NO excuse to the TAX man!

The onus is on YOU to declare, and NOT down to, if the TAX man catches you or NOT!

If you don't like what I have posted to assist you, don't act on it, up to you!

Please use Google as your friend,

"HMRC will investigate further back the more serious they think a case could be. If they suspect deliberate tax evasion, they can investigate as far back as 20 years. More commonly, investigations into careless tax returns can go back 6 years and investigations into innocent errors can go back up to 4 years"

Just trying to help.....

I see some seem to think the TAX man will be understaffed to track your TAX evasion!

You may be lucky, you may not, do you want to risk it?

HMRC now let a supercomputer look into your personal details:-
HM Revenue & Customs (HMRC) is planning to use robot software to find evidence on individuals or companies they suspect are evading tax. From 2012, the HMRC said it will use ‘web robot’ software, alongside its Connect computer system, to trawl the web and detect those who fail to pay the correct amount of tax.
The Connect computer system alerts the HMRC to previously invisible tax evasion by matching HMRC and third-party data, enabling a fast and focused response to tax evasion, an HMRC spokesperson explained.

Read more: https://www.which.co.uk/news/2011/06/hmrc-to-use-software-to-detect-tax-evasion-256535/ - Which?

Best of luck....

Amur, if you have made a profit by selling shares outside of any form of TAX-free wrapper such as an ISA, and you know that it is over your CGT allowance, you have defrauded HMRC of legitimate TAX revenue! YOUR broker informs HMRC of all YOUR share dealing transactions throughout the TAX year! The fact HMRC have not caught up with you YET is of no consequence when THEY can go back 7 years I believe in your records?

The fact YOU then lost that money does not excuse you from paying YOUR due TAX, £200,000 is not a drop in the ocean and will stick out like a sore thumb to HMRC!

You do NOT want them coming after YOU!

Fess up now before it's too late and gets noticed, as it will!

The penalties for TAX evasion are severe in the UK!

Google it NOW!

Good Luck...

Good morning AgentB,

That would have been a very nice gesture of yours and would have surprised the hell out of me, in a good way :-)

When this does come good we can always meet for a celebratory drink somewhere?

Take care AgentB and good luck!

Good morning Saxonaxe, John in the cooler, and everyone else,

A lovely evening was had last night at the Indian restaurant where we met, and many beers were consumed along with some lovely Indian food, reminiscing about the old days from 1969 onwards, about our employment and names of other engineers that have been and gone from the past, and the harmless, but, embarrassing tricks some played on other less favoured engineers!

Sadly, it also came out that in the Southend Evening Echo there was an article about the Gleneagles Guest House, where we go for our Thursday breakfast meet, as we did this morning, it stated that Garry and Penny who are the hoteliers have had to make a very sad decision since Garry, who only went to the doctor in March, and had his diagnosis of Motor Neurone disease confirmed in April this year, which has already resulted in the inability to walk upstairs, and the loss of use of his left hand in such a small time, and now using an electric wheelchair, the speed of onset and progression causing him to worry about how many years he has left to live!
They are hoping to be able to convert the hotel into flats and spend what time they have left together, very, very, sad!
Penny did not let on yesterday morning when we turned up for breakfast, they have run the hotel for nine years together and Garry is only just 62!
A link to the article if interested in reading:-
https://www.echo-news.co.uk/news/19410802.southend-gleneagles-guest-house-hotel-owner-battling-terminal-illness/

Yesterdays belated results:-
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Andynic57 - 01/07/21 - 07.00 am
Caterham7 - 01/07/21
CAW1 - 01/07/21 - 1 year on!
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Sorry, NO RNS, NO winners!

Today's hopeful is, all on his own:-
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MarkA8178 - 02/07/21
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Good luck!

Good luck everyone for a Friday RNS to cheer us all up.

So not only do I get a full English as a treat on a Thursday, the first Thursday in the month we old boys go for a Curry & Cobra as well!

So just off to pick up Clive and so won't be around if the Thursday RNS does drop at 18:29 to post up any winners!

I will have to do this retrospectively tomorrow.

Do have a lovely evening everyone, catch you all tomorrow, cheers.

Dore123,

only because you posted this:-

"According to the principles of conductivity, once you have touched the door handle, you will be crispy duck..."

Did I have a chuckle, and respond in a playful way, just pointing out that vehicle car bodies have in fact carried electrical current for years!

Only a playful response, enjoy your day :-)