Member Info for KnockinOnHeavens

So basically Gina's great-grandchildren will be still milking Sirius in 22 century........

Wrong question SL,

It is not "how many years from now", it is "how many years after she earns her 250mil back she'll be getting that ridiculous annual royalty for?"

And the answer is: for the rest of the life cycle of the mine which could be next 100 years.

Don't forget it's 5% on gross revenue which makes it even more mad.

Eh?
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A few billions over the next century here and there, who cares right?

Hi SL,

Sure, I understand that. And I can never take it away from her. She took a risk and made the offer when nobody else would. But in the same time it was a rip-off. Big time. If you look at that royalty deal objectively you have to admit: it's a pure madness. 5% cut from the first 13m tonnes and 1% thereafter every year for a hundred years is just crazy....

And speaking about risk-reward it was a great example of asymmetrical one - relatively low downside in comparison to a enormous and disproportionate reward guaranteed by the deal.......She certainly deserves her bounty but definitely far less than that.

Anyway, deal done. Sirius will be Gina's vassal forever.

Regards
KOH

"Get over yourself. We have a partner in Gina with no controlling interest"

And that's the reason to what? Celebrate? That lady took advantage of Sirius big time. She knew that BOD was up against the wall when negotiating that rip-off. So there we have: a 5% cut from the first 13m tonnes and 1% thereafter year after year for the whole life cycle of the mine - happy days! (can you count?).

Pop the champagne and then put your head down and get milked (year after year after year after year...)

But hey! We have a partner in Gina.

5% cut from the first 13m tonnes and 1% thereafter year after year for the whole life cycle of the mine is not only bad, it's pure madness.

I'm not even starting that topic again, we all know the truth. I know she saved the project but the price we will all be paying year after year is just crazy.

"Like it or lump it, everyone needs to know and recognise the good Gina has brought us!"

You know what I meant Scotman and you know my opinion about Gina's deal. I'm far from praise and appreciation, fat bittch and her family will make billions in the next century. Her input is rather small in comparison to future rewards.

Not enough for what she gets in return.

Perfect top up conditions.

Don't throw up.

Take advantage.

KOH

You can send flowers & thank you note to our dear chosen ones in House of Commons

https://www.instagram.com/p/BrAW2LtgxVj/

Niicce!

So you are hoping for 20p before Chrimbo?

Fine with me (as long as it's getting built)

KOH

I really like this picture:

https://fororepublicano.files.wordpress.com/2010/09/ovejas.jpg

A perfect metaphor for not following the crowd when making an investment decisions....

Boring tunnel is quite boring....

Ok, thanks Milothe3rd

Thanks for pointing this out Procrastinating,

By the way, it's quite unbelievable how the banks still "think" when it comes credit - as if it was making any difference from the risk management point of view whether I pay myself a salary or take dividends....they should be looking at how much I actually make and how consistent I am in making it year by year rather than focusing on how I get paid......

Brilliant, thanks Golfer70

Thanks Golfer70,

Yes - I'm putting everything I can through expenses (obviously within reason). I'm also aware that the basic rate band can be "extended" by the gross personal pension contribution (there is a limit though)

Cheers
KOH

Oh yes, bloody employer NI increases in proportion to gross earnings too...

Thanks LookingatgoatS

Any accountants / number crunchers here please?

Am I correct in thinking that as a owner of limited company and taking into consideration the current Personal Allowance rate (£11,850), Corporation Tax rate (19%) and Dividends rates (£2,000 nil band, 7.5% on basic rate, 32.5% on higher rate and 38% on additional rate) I will pay less tax by including all the money made as salary and declaring 0 profits rather than taking only small salary and the rest as dividends?

I did a little simulation in excel for Profits Before Tax of £25k, £50k, £75k and £100k and it looks like overall one would be paying less tax if everything is taken as salary so that there isn't any profit left (no profit, no Corp Tax)

Am I correct in my calculations?

Thanks in advance
KOH

(Effen Government....back to socialism...)