Member Info for Impecunious2

Good to see we're holding up well, compared to the others (OMI, Shanta, TSG, etc).

Hi, Norfolk. Yes, I've seen the sketch, it's very good. Don't shed too many tears for me; "cardboard box" is a euphemism for rented accommodation in a decaying Edwardian house, which I rather like.

Thanks for this, Tymers. I was only thinking of transferring 2 or 3% of my capital out of GGP.

The quality of the comments here is remarkably good; as opposed to the semi-literate rubbish that one finds elsewhere. I'm in GGP myself (which also has a well-informed billboard), but looking to diversify in the not too distant future.

Thanks for this, dimvestor. One of my fears in transferring money from GGP to OMI, is that I may not be able to buy OMI, because of the lack of liquidity, and I'm then left with cash (which I've always disliked).

This has changed much in recent times. Once upon a time, we spoke of bulls and bears, and profit-taking. But now, no longer so. One is ramping or deramping, and top-slicing. The last phrase in particular I detest; it reminds me of the guillotine, and the events of 1793. And this is before I mention Sigmund Freud. Hang on to your assets, my friends.

Hi, Bhargav. Thanks for posting all the info and the links. Also, for the fine example of irony. If Brad George is young, I'm a Dutchman (a phrase which dates back to the Anglo-Dutch wars of the 17th century). He's as old as I am; which counts in his favour, in my view.

One day (probably in December or January), I will join you in OMI; but I have no cash, and am waiting for a further rise in GGP to transfer some of my capital from the larger company to the smaller one.

Hi, TMT. Thanks for the post on SXX. Very instructive. I understand entirely that these small companies have to team up with a larger one to get the stuff out of the ground. This went wrong with Newmont, but seems to be going in the right direction with Newcrest.

Thanks for the info on this, Paddy. I understand from my reading elsewhere that the decline should produce some income; which I'm all in favour of, as I don't have any myself.

Hi, CB1984. No, you need to declare within four years; but once declared, the losses can be carried forward indefinitely (under present rules). I make a note at the end of my self-assessment return each year, informing HMRC that I am carrying forward a loss of £xyz, to be set against future profits; and refer them back to the relevant documents or returns in the years, when those losses were first declared .

Hi, SAS, Many PI's will have both, simply because they have not been able to get all their capital into an ISA.

Do make sure you declare your losses to HMRC, and then carry them forward to be set against profits in future years. I am presently carrying forward losses from 1992, and 2009-13, which will diminish the tax I will have to pay on GGP (if I sell in my lifetime, which I regard as possible, but not likely).

Nice one, Risehall. It's up there with Swift's "Modest Proposal" of 1729.

.

There was a joke in the City in the 70's. Everyone would run around, shouting "I must find the bottom." And this is what we are now doing. Where is the bottom? I ask myself. Is it 25 pence, or 20 pence, or 2.5 pence? Who knows? Certainly not myself.

Hi, Thirdman. The price of gold was down today, and all the gold/silver mining companies I've looked at were also down (e.g. Hochschild down by 16%, Orosur down by 13%). The reason's straightforward. People buy gold when they're frightened, and sell it when they're not. The arrival of a vaccine has diminished the amount of fear in the world; which is a good thing, but not for the holders of GGP (among whom I include myself).

Hi, Bmdjf,
I think Gap should read GGP (the share price of GAP clothing store is about where it was in January). Also, "emelate" is spelled "emulate." In answer to your question, yes, of course, it's possible. But the question we need to ask is slightly different. Is it probable?

Hi, TMT, 17.42. I agree with this; and hope that we hang on to our share of Hav, in order to fund further exploration and pay a modest dividend. A regular income would also allow us to move from AIM to the main market, perhaps into the FTSE 250, and make us more attractive to institutional investors. If GGP became something like Hochschild, who here would complain?

HappyScot, Thanks for making a very basic educational point at 10.01. I fail to understand why Lenz has responded to useful information with an insult (I don't mean his second sentence, which may be a compliment, but his first one).

Zoros, which of us does? I bought my first shares in 1975, and am still baffled by the markets.