I too am not so much frustrated with the progress of the company, but certainly am with the current SP (as you say you are also) and I too shall wait till it reflects true value (the only reason I'm still here!).
Again, I don't know where you get your 'unlucky buying at plus 2P' as I never once have!
Just for clarity I now hold 2 million shares at an average of 1.1p (having bought over the last 5 years at intially 0.42p and at as much as 1.98p (in the run up to the Newmont Fiasco).
Had I invested my entire £20k stake initially at 0.42p 5 odd years ago (if only!) then I would today be sitting on £87,539 (and certainly not £300k!) , so I still fail to see where you get your '£150k from £10k' from?
Anyway, it will play out however it plays out, and all the whinging in the world changes Dcik!
Just hoping we don't get sold out on the cheap now that we are finally getting somewhere (which has always been my main concern!) but only time will tell.
Actually my current £22,016 overall investment (I bought at various times and prices over that period) is worth the grand total of £33,200 as at close of play today (and I still have another £16K odd to go see my portfolio break-even!) so forgive me for not being too ******* estatic!?
Haven't a clue where you got '£10k now worth £150K' from FFS! (Maths a strong point is it!?)
I'd be more than happy with that had it happened (which it hasn't) as would most :-(
Problem is that any early offer would no doubt be a low one (imo) and see us robbed of the real long term potential.
Whilst I personally would welcome a total buy-out (for the right price, as it takes away the need to make a decision of when to exit) I would be just as happy if we were to hold onto our remaining 30% and received say a 1p / 1.5p per share Dividend (annually!) once Havieron is producing (so long as there is no 10:1 share consolidation at some point, as someone suggested, because whilst I could get by on a tax free (in my ISA) 1p Divi on 2m shares, on 200,000 shares no so much so!)
Anything over the Lifetime Allowance (currently £1.055m) will be subject to the Lifetime Allowance Charge. So if you are 'lucky enough' to have a pension pot double to £2.110m, then £1.055m would be subject to the Lifetime Allowance Charge (from memory, as it's been a while!).
(NB: I am not a Financial Adviser, so cannot give advice, but prior to giving up corporate life (to care for my dad after his stroke) I was Head of Marketing for a Pension Provider so do have some knowledge).
With Pensions there exists something called a lifetime allowance, which for most of us is £1,055,000 (in the tax year 2019-20).
This has decreased considerably over more recent years (from £1.5m in 2013/14) and may continue to do so.
This limit is applicable to the total sum value of all of the pensions you hold and will also include the value of any defined benefit schemes you may belong to (excludes your State Pension though).
Should the total value of all of your pension pots exceed this lifetime allowance then a lifetime allowance charge will be levied against 100% of any excess. The 'good news' however is that you will only pay this as and when you take money out of your pension, and as others have already pointed out, should you choose not take it, is IHT free.
However, any excess amount taken above the lifetime allowance in the form of a lump sum will be taxed at 55 per cent.