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So, the reported amount of phosphate "have not been classified according to any International Reporting Standard / any Standard defined in the AIM Rules for Companies." So, what reporting standard did they use? We have no JORC compliant ore reserves.
There are also 984,357,334 warrants @ 0.24p.
The total number of new shares is 2,081,205,669. So in total we are looking at 3 billion new shares if all warrants are exercised!
I don't really understand this, why not get the other project started before bundling into another. I wonder if this one has a licence. Also, I do now wonder if we will shortly have a new RNS stating that Togo is not going to happen but look we have this fancy new mine.
What did I miss? What is the Friday 13th thing they have posted on there twitter?
28% Is only on property. 20% applies shares.
So, I have a large CGT bill to pay, does anyone know if we can offset money(currently) lost on FRR? There is the Negligible value claims but I'm not sure if FRR shares apply. If this did apply does anyone know what happens if FRR came back.
Thanks.
@Tomat02, Thanks. As I'm gifting to me spouse I understand there is no CGT due until my spouse sells, which will be the point she moves it to an ISA and tax will be calculated on the full profit since I bought the shares.
Quick question has anyone used Halifax to Bed & ISA to a spouse? Or is it more of a manual process.
They will have banked some cash. My understanding is there no CGT in Australia it is taxed as income, upto 48%, but there are further rules that probably bring this down to half that tax rate.
Sshh, stop it, I've got another purchase lined up here, just waiting for some funds.
Yes it is a very simplistic view, but it was something one of the de-rampers had said over the weekend and I wondered how much the trucking costs would be, then @trucky had said the fuel would be the biggest component but was having a problem working out a figure.
and I had not considered it, whereas I had thought about possibly building a road
For some reasons I just assumed a dumpster would be used, but doesn't really make much sense when your shipping ore. So, its a 55 mile round trip(if the distance always quoted is a not as the crow flies), so using Trucky's worst case its 21.2 gallons or ~$95(or £60), so nothing in the grand scheme of things.
Trucky you mentioned in an now deleted post that the largest part of trucking the ore to Telfer will be fuel. How much fuel would a 90Km round trip actually use. I know these trucks eat fuel. I looked at the sales document for a 777F but it fails to mention MPG, or would they use something even bigger?
Does anyone know how "ready" we are to mine? i.e. If the licence dropped tomorrow how long before we actually started mining.
@Markyess. Can we safely use a higher P/E ratio? At this moment in time we have an estimate for the amount of profit the mine will make over its suggested 15 year life.
Maybe I've used the wrong terminology. What I meant was that as a company it does not start any other projects and just exists to distribute the profits from mining. If no new projects to progress then there is no reason to keep the profits in the company.
Thanks Markyess.
It would be interesting if Keras did become a shell company for the distribution of Dividends. All profit from a year released as dividends.
@Markyess, what assumed profit did you use for the price of a DMTU?
My figures tend to be on the pessimistic side and I assumed the upgrade to 300,000 tonnes per annum takes as long as the license so don't have it figured in at all.
Just to check I'm reading that correct you are expecting by 2022 the share price to be ~20x current. I've been working on 4x to 5x if Togo went well. I'll be revisiting my figures at some point tomorrow.
Can someone possibly post the telegram link again? I cant seem to get it to work.
I'd love to say it was all the result of lots of research on the perfect time to buy the stock but it might have been more to do with dumb luck.