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“Any piece of good news will rocket the share price”
Suggests your research could be a bit limited as there have been perhaps 2 examples of news having caused a significant share price rise in the past 5+ years.
Contains some useful commentary on the effect of illiquidity (amongst other factors) on small cap pricing:
https://www.investorschronicle.co.uk/shares/2018/11/09/the-truth-about-market-makers/
Not the only one wrong though eh Helpful. You were saying just a couple of weeks back that you didn't think there'd be any dilution to fund upcoming expenditure. Sell off some of the assets instead, you said...
@Helpful, I'm curious: do you not think there is going to be a fund raise in the near term to cover the short term cash deficit?
And no replying along the lines of "you've been saying that for months and it hasn't happened yet". Yes or no - imminent fundraise?
You're not entirely wrong. I haven't, and won't be doing any research into the company's recent activities. I lost faith in the BOD's ability to make a success of projects a long time ago, so it really wouldn't matter what the latest venture might look like...
There are hundreds of companies whose share price has recovered nicely since the Covid lows of a couple of months back. It's no great achievement. If, on Dec 31st, the market cap is higher than it was on Jan 1st, then there will be some credit due. Touch-and-go at the moment...
You often refer to things that happened "10 years ago" as if all of the disastrous investments and acquisitions made by this company were that long ago.
How long ago was Steelmin? How long ago was Elephant Oil?
Why would you "expect a spike in the share price"? That might be something you're used to seeing with (mostly small-cap) AIM stocks, but the Bushveld share price has never really been one for "spiking". Ups and downs are usually fairly shallow, over a number of days or even weeks.
Yes I have found cgtcalculator to be very useful in the past. If a stock has undergone more than one restructuring, then it no longer works, which does limit its usefulness in some cases, but that restriction wouldn't be a problem with SOLG.
You cannot "choose" anything. There are rules that dictate the order in which purchases will be chalked off when you sell shares, thus what the book price is that you're considered to be taking profit off, and thus what your capital gain is considered to be. You need to find either a personal accountant who is very well versed on CGT, or, better still, software that can perform the CGT calculation for you. Whatever product you choose, you will (obviously) have to provide it with a list of all your buys - date, number of shares, price per share and any transaction costs you incurred. If you're able to enter all of that correctly, there are packages available that will spit out the amount of CGT you will owe, including a breakdown of how that was calculated, which you will need to submit as part of your tax return.
A director selling any sizeable number of shares is going to raise significant questions. PIs will be ****ed off (perhaps no big deal), whilst institutional holders will be on the phone asking WTF. Unless they are selling a small number and can claim it's to cover a tax bill, then It's more or less a suicide note.
And a suicide note in a situation where said directors continue to take a very health salary, never mind their holdings and future share incentives.
So no, I don't think directors holding necessarily indicates their belief that it is going higher.
Why would anyone think it makes sense to do it manually? Given the spread, you are always going to lose out. Doing it as an official B&I should be costing you no more than 50 quid, which I am sure is a lot less than you're going to lose buying and selling more than 10ks worth of shares at open market prices.
If you think this is the lowest this share price is going to be for the rest of the financial year and it's just about to jump then maybe... but really?!?