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So as heartbreaking as it is most of us are nursing massive losses, just a question that if anyone knows the answer to, please help, it may help a lot of investors that have suffered losses in SXX.
So here goes: I am an employee and only pay tax through PAYE and i don’t need to fill out an annual tax return. My losses in SXX are quite considerable and have been incurred whilst in a Barclays Smart investor Investment ISA, so the question is can i use the losses here to reduce my PAYE contributions going forward. ???
That’s a very specific question, i’m not looking to reduce Capital Gains going forward as i have no assets to sell, i just want to know if my ISA losses on this share can be used to reduce my PAYE income tax .
Thanks in advance
How many shares have changed hands at the 5 to 6 pence range? and Who has Bought them?
That AA has been in talks with SXX for a while, and they see that funding isn’t flowing and that SXX are looking for a strategic partner. In their wisdom they make what they. believe is a genuine offer for the mine at 5.5 pence per share, they prob think this is justified because they still have to front up a further £3 Billion. Since the announcement many PI’s saw the cap of 5.5 pence and thought why wait a month and possibly get less ( getting scared ) so they sell in droves, now AA would surely want to buy those shares as they are happy to buy the whole company for 5.5 pence a share.
Now that they have accumulated a decent holding from most of the PI’s, it may be possible that AA could change their position to becoming a strategic partner and loan the £500 million.
What would ensue?
Well the original stage 2 deal would be back on with the revolving credit facility.
The share price would recover and the profit made on those shares bought at 5.5 pence would more than cover the loan.
PI’s that held, II’s, all the staff and locals at whitby would be protected, CF and the board would be heroes and CF’s shares would be worth a fortune, and the only people that would be out of pocket are those that sold at 5.5 pence at a loss, which incidentally would effectively be the profit that provides the £500 million loan.
Now all of this is my speculation and only based on a possibility that could happen if AA suddenly decide to change their position from Take over and taking all the future financial risk to becoming a strategic partner and reap reward with a much diluted risk.
Who knows, time will tell.
For one i’m holding firm
Think about it, you’ve got a car that is worth £20K and it’s a potential classic that could be worth £100k in a few years time, some Jack the Lad comes and makes a public offer to take it off your hands for £5K, you’re desperate to get something money for your recent renovations as your potentially staring at a loss, when other car dealers hear about this they’ll think, “ ooh this looks tasty, i might have a go “, it’s humans nature, there will be some jostling soon.
I’d say Gina, BHP, the Qatari’s and the Norwegians for sure but there may be more. This is the sale of the century. All that asset going for a pitiful £400 million quid, cheap as chips, i don’t buy it, this is going North.
i feel there may be a bidding war about to start with at least 4 other big players. So with 5 seats round the table i could potentially see this going to at least 12 to 15 pence in the next couple of weeks, it’s getting to crunch time now so the big hitters aren’t gonna want to see this opportunity slip away.
It’s clear as this share price is well below where it should be, by at least a factor of 5, any offer to buy the company below say 15p will see the share price rise to that value, so it makes absolute sense for people to counter offer, even those already invested.
it could be a MM signal, leaky leaky
Whilst that may be true in essence, if there are multiple interested parties a bidding war will ensue and drive the price up to near enough where it should be. Rather like at an auction. No potential buyer would want to miss out by taking the ****
have you been to the distillery and tried their first Make?
Could be an RNS our imminently
I was down the local B&Q yesterday and i was buying some electrical items and was stood next to a couple of electricians who seemed to be a bit hungover. The very interesting bit though is they were talking J curves and tea-cup and handle graphs, one of them was a past economics student of the Soros brigade. But on a serious note i do think this project will come good and at the very least we’ll make back our paper losses by summer 2020. That’s my twopenneth, but if anyone is interested these two likely lads are starting an electro economic forum for the gullible
Word for word out of the RNS, this would suggest they’re not looking for a strategic investor but already found at least one
“ Strategic partner and financial investor processes underway with the aim of securing ~US$600m of Initial Scope funding, with various parties engaged and assessing information”
Ok what i’m about to tell you is inside knowledge so don’t let it become widespread but this information is pretty obvious if you think about it. Now remember their is money involved in the following info. So don’t be surprised if you thought, “ if i looked hard enough i would have spotted that for myself”
Ok here goes the info you’re looking for is WEDGE, that is inside Knowledge of you’re any good at anagrams
If there’s big buys today, mates rates, then the news at closing will be good
Now just pulling back a bit to a wider angle lens, and being pragmatic, the Mcap was much higher before stage 1 was even finalised than it is now. So we’re much further down the road and we’ve dug part of the tunnel, that part hasn’t slowed down as yet, the product is still in the ground and we have even more offtake agreements than we did a couple years ago. so the question begs, how can the SP be considered so low, the Mcap now stands at about the cash we have in the bank with absolutely no value being assigned to the asset in the ground. Yes we’ve hit a hurdle with completing stage 2 finance but the Macp is lower now than it ever was before we originally had a stage 2 plan. This can’t make sense, any thoughts?
Is it a Bull Flag?
Leaky leaky, seeing as the SP hasn’t risen, this 8M buy would suggest it’s an individual that is privy to impending news. It’s a bit obvious
18mins in on PMQ’s Bo Jo just confirmed he would be spending 13 Billion pounds in investment in the North of England. Make of that what you will. I’m topping up.
I’ve always believed that the stage 2 finance is and has always been tethered to Brexit. I believe once we have certainty of an orderly exit then confidence will rise in the economy once again and the Government will be able to shift focus back onto the domestic agenda and i’m sure the loan guarantee will be forthcoming.