Member Info for johnpwh

Nice one BNB. According to you I'm rich, rich, rich!!
I will of course sue if you're wrong.....

I'm so sick of hearing your dumb comments, when you are (I assume) not a shareholder. Filtered

Read quite a lengthy article in 'The Times' today about PV. Think some Government committee is going to include PV in a list of companies being investigated who apply lengthy settlement terms with suppliers and at times exceed even that. Seems these criticisms pre-date the October revelations, and were at least partly as a result of an internal whistleblower at the firm. Certain catering suppliers (I think Brakes is one) will no longer supply PV.
Is the rescue funding actually received now? PV seems to me to be a viable company who is in an absolutely disastrous mess. The rescue package was completed at I believe 50p for each new share. At the moment I'm not sure whether the market will rate it at <50, 50 or >50 at relisting. I certainly wont rush in on the first day or trading, think Ill be sitting with a coffee looking at the screen first.

I would prefer a maximum timeframe of, say, 5 years!
The only thing disagree wth is consolidation. Even if (please Santa) the SP was to rise by a factor of 10, giving a MC of around £160m (assuming no further dilution), the SP would still only be c.£0.15. My view is some prospective investors reject penny shares because the are perceived as failing. Psychologically people feel 'comfortable' with a SP 50p +. I know it makes no difference, that its illogcal, but it is true. There would be a fairly minor administrative cost to share consolidation (I admit I have no idea of the magnitude of that) but personally I would welcome it.
Re. Burnley, yes it was unfortunate. Its a shame Hart made sure awful errors on the Interanational scale because he is still a fine goalkeeper - your goal dfference would be much worse if ou didnt have him. And you've got to like the exuberance of the new Southampton manager!

Do you think this company could be the recipient of a takeover to gain access to its technology?

No I don't have a figure, though I would imagine a take out price at the moment would be at least 7.5p else counterbids would be likely. It would probably suit me if a bid were a paper one from an attractive suitor rather than cash as most of my AAU shares aren't sheltered in an ISA or SIPP.
Whether I think a bid is likely is another matter. I don't particularly, and if it were it would be a battle unless it was from Management due to the BODs combined holdings.
I'm realistic enough to know that, whether or not I agreed with the price, my decision to sell would not influence the success of the bid! Like pretty much everyone here as a small shareholder I would be a mere spectator.
I've held for 2 years, though my holding has increased significantly in that time so most of my shares have only been held 6- 12 months. Would I be upset if I were to be offered nearly 5+ times what I paid? No of course not.
I do believe in the company, but at the moment there are no guarantees in the NE. Furthermore development there is likely several years away. Yes there is gold there, but what are the economics or exploiting those deposits and how will that exploitation (if viable) be financed? Its not the foregone conclusion that some think or why does the 'all time' SP graph look the way it does? As I have said before, people are in love with this share and will hear nothing against it, which is dangerous.
To be honest I dont really follow football much, I just watch highlights. I know a couple of the posters here like Burnley! I heard the game turned and Gloucester lost!

Talk on the other board about takeovers, or the potential of.
For what its worth I'm not too bothered one way or the other. That may come across as cold/apathetic but its not. This is investing, the idea is to take away significantly more dosh than you put in. And by investing on AIM (if indeed that is investing rather than betting/speculation/blind desperation) what you are after is not divis but a big fat capital gain. So if someone wants to offer me a large profit on my shares, whether that be the management or an external party, then I'll say ta very much and move on.
All boils down to not falling in love (aaah, Kim....then there was Sharyn, Ruth....and Heather, Molly and ….) - though I admit that I have come closer to doing that with this share than ever before. Be logical. Resist. Its just a speculative share not a potential wife!
Re Burnley, to Tottenham at home? Fingers and toes crossed, think you'll need it!

Have to compliment you all on your glass half full interpretations!
I'm more laid back, it will happen when it happens, before Christmas, on Christmas day, between Christmas and New Year....whatever, it will happen, pass the port.... Few days wont matter in the grand scheme of things so don't stress.
Shetland looks a tad frisky today:
https://www.shetlandwebcams.com/cliff-cam/

Quite a sharp tick up in oil tonight and the American markets looking fairly settled so hopefully a bit more +ve tomorrow

VanVan
No, none sold really, though I did sell a few a couple of days back, just not today. I was just taken aback by someone selling a million - but then again why not if bought at say 1.25? No one ever went bust taking a profit!
If the newsflow continues, and the SP is not out of sight then, I may add a round number more in late January when I get some more funds that are currently tied up.
Be interesting to see if there more director buys at these slightly higher prices.
I noted Zak doing a bit more presenting, wonder if that hints at a bit of restructuring with Dr S taking a more corporate role and Zak leading the geological effort?
I was a shareholder this time last year (in fact the year before as well now I think of it) and I do feel that there has been good progression. That's helped by me understanding more also!

Even bigger news is that I've taken the plunge again (I have been unfaithful and moved out of ITM a while ago).
I bought in yesterday ay 24p. I'm showing a profit already!!

I dare say you can get away with murder if you keep quiet, I'm sure many do (including Buy to Let property owners....). But if you get caught out then it gets …. er.....difficult. HMRC will go back in time for several years, levy fines etc. Plus I personally have no hiding place because I have a Tax qualification (called ATT) so cant plead ignorance!

I'm afraid it was one of my jokes. 100,000,000. I wish!
No, none sold today and no plans to do so until there is very good reason to.

I do PerArdua, but then again I understand enough about personal tax!

Trouble is about seeking good tax advice is the cost of doing so. I think the cost of a tax advisor should be tax deductible but its not.

As long as you are less than the 2017/8 CGT exemption of £11,300 (just looked it up, its £11.700 this year) you should be fine. As long as they don't lose out on tax I doubt you'd get into much trouble about your turnover even if they found out. The big problem if you fess up is providing the revenue with 73 lots of transaction details!!

ATB

From the relatively small amount of information it would appear you could well be clear. But if you had 73 trades then some will surely fall within 30 day rules, so unless your calculator required individual details of each trade (amounts, dates) then I cant say as it distorts the calc.
One this for certain is that, even if you are convinced that there is nothing to pay, you must complete Capitals Gains pages.to accompany your return. Your sales turnover in this share alone is £640k, you can only avoid completing CGT pages if that turnover < c.£46k. You are massively over. Hope this has helped
John

...for the sale at just after 3 pm chaps.
Was just me rounding down from 101,000,000 to 100,000,000!!

There seems to be an alarming lack of understanding of CGT here considering you are investors, unless no one has ever made any gains! MrR, you have bought and sold outside an ISA in tax years 16/17 and 17/18. Just because you havent been required by HMRC to complete self assessment before tax year 17/18 it doesn't mean you shouldn't have paid CGT or made a return prior to that. Its your responsibility to tell the revenue that you need to make a return even when they are unaware that you need to. Even someone who has the worlds simplest tax affairs needs to complete CGT pages if their gains (from any chargeable source, not just shares) exceeds that years CG allowance c.£11.5k OR whose sales in the year exceed 4 x the allowance c.£46k (even if no gain has been made). Generally multiple investments are 'pooled' to get your base cost when you sell, but there are oddities like the 30 day rule where if you buy shares in a particular company within 30 days of selling shares in the same company then you are deemed to have bought back what you sold. That really affects the CGT calc for people who trade. It sounds possible that you may have failed to make returns and that you should have paid CGT in 16/17 and/or you have CGT to pay in 17/18. If you get your calcs wrong a) you may be over paying b) you may be defrauding the revenue. What you have to do is get all of your purchase/sale contract notes and either learn how to calculate CGT or give it someoene who can. Your base cost for SXX will be affected by any trades in SXX whenever you did them, even it that was 5 years ago. The revenue dont mess around if you get caught.

No, this is good. Was only joking about arguing, as you may have noticed I always try to inject levity even if it frequently misses the mark.
It seems a funny arrangement (maybe my Life and Pensions background ill prepares me for this discussion about industry). I see your argument, although we have established that by selling into the JV (which AAU 50% owns) the effective amount received is 1 1/2 x costs which would be $22.5 oz not $50.
So why sell when you can get a margin of say ($1250 - $700) = $550 per oz? Its a big difference.
Would it not be preferable to pay Proccea a royalty for the use of the JV owned processing plant, maybe after all other JV owned Red Rabbit pits are exhausted and the plant would lie idle or be scrapped?
Maybe best leave this subject before we do it to death!

feelinlucky
Some say modern music is rubbish compare to when we were young. Including me.
Well done, you just contradicted that argument!