Member Info for JungleBabbler

just managed a 100,000 top up.
Locked and loaded - well at least for the time being.

Article just published in Telegraph says Bluejay have had their ilmenite project in Greenland approved allegedly....
bodes well for us

A mining minnow has won the backing of the Greenland government to dig for ilmenite on the island, after five years of exploration and discussions.

Bluejay Mining has been awarded a 30-year exploitation licence for its $245m (£185m) Dundas Ilmenite project in north-west Greenland, classified as the world’s highest grade mineral sand ilmenite project. It is expected to produce 440,000 to 600,000 tons per year. An announcement from the Greenland government is expected today.

The mineral is used to help make a range of widespread products including paints, plastics and cosmetics. Prices are increasing due to increased demand as well supply constraints.

Bluejay still needs to raise financing for the project but says it is “evaluating a number of options”. It has been in talks with European funding agencies.

The governments of both Denmark and Greenland are shareholders in the company, having invested in November 2019 as part of an £11.5m share sale.

Bought more here too.
GLA

January 2nd is shortly after Christmas....

Unparalled.
As in...
having so many consecutive successfull drill results is unparalleled.

same thing.......

At last.... a post about GGP

Really quite impressive appointments. All bodes well I feel.

Good.

Can't buy this morning on HL platform. Trying to have a cheeky top up before this thing takes off....

Great SIPP post WelshFalcon, very clearly explained.

I'd just add "Uncrystallised Lump Sums" instead of going into drawdown.  You get 25% on each mini-withdrawal tax free.  So you take right up to where the higher rate band starts (£50,001).

Withdraw £66,000 for example
Tax free amount 25%  = £16,500
Leaving £49,500 to be "taxed" (ie below the 50k)
Personal allowance £12,500 tax free
Leaving £37,000 to be taxed at basic rate
Tax amount @ 20% = £7,400
Take home = £66,000 - £7,400 = £58,600

Repeat each year as required. 
So over time the 25%'s taken each year stack up to be more than the 25% of the original SIPP pot (as long as your SIPP grows or course). You can still go into drawdown in the future and take 25% of the then SIPP pot.

Hopefully the numbers stack correctly as I did calc manually...............
JB

This HMRC page explains it all.
https://www.gov.uk/capital-gains-tax/rates
and follow the links. O-Level maths is the only requirement really.
So, yes you do take your income into account, and you will pay 20% on some of your gain (if you took it all)
Note - CGT rates differ from Income tax rates....

As other posters have said, share your gain your partner/spouse.
Use up some CGT allowance this year and then some next year ie don't sell all in one year.
ALSO - beware CGT rates are VERY likely to increase in the spring for the following tax years so it would be
tempting in your situation to DELIBERATELY incur some 10% taxable gain this tax year (say right up to the start point for higher rate cgt tax)..
Hope this helps

Lots of potential here - gradually building my stake each time there's a piece of news or rise. Confidence building.

I'm near ......
https://www.youtube.com/watch?v=Eijc2tGe-zM
https://www.youtube.com/watch?v=ZJwzRV3AU9Q

Good effort!! seriously

I agree. It would be a big ask for me to move though given the box full of frogs I have in my ISA, SIPP and CGT buckets there.

should say 30-day RULE...

forgot to say, don't forget the 30-day - which can be used to your advantage (if you're lucky and don't get priced out of any re-purchase)

cgt tax calcs on part selling is LIFO (last-in, first-out) based.
not too difficult, I use XL - tax man seems happy
o-level maths no more than that.
good luck....

why not - isn't a good scientific reason
loads of shares tripled in a day - really ? name 10.
most days you'll find a few shares that increase by 20, 30 or 40% but not 300%
(often the next day they do down some - steady rises are what's required)
they found a gold seam - but how much is there? we don't know yet.

if you want to calculate what a shre price should try this simple algorithm :-
Sum of all future cash-flows (discounted back to today)
Plus Assets
Minus Liabilities
when you've got those numbers sorted let me know.....