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i'm 55 and pile everything into SIPP - can take 25% out when I want - strategy is to let it grow with EUA & some others before I take 25% out - because once you start the drawdown - the upper limit is capped at point of drawdown so if it grows after drawdown by million - all above limit is taxabale. The 25% can be taken out over a period of time as well which is good. My play money is in normal trading acct where tax is payable.
Would ir be fair to say with the recent II investment and huge huge recent share purchases that a new low base of say 35p to 36p won't be breached?? I'm actually hoping for move into 40s now whilst we wait on all our updating or sale offer RNS's but was just wondering on realistic trading range moving forwards. GLA
Timing is an issue - the index is set to change/add on this date which is outside BOD's control. However, they may have sequenced RNS with NN for tomorrow which is fair enough if NN are buying - just coincidental to 30 Nov index rebase.
Hi. Some merit in your post but with market cap at current value reflects 31p sp and that is before WK update or resource update. There is circa 40bn plus in the ground and suggestions of sale at 30 to 50p imo are ludicrous deramping. GLA
can't possible see that ranger ? market cap reflects current 30p sp with billions in the ground - can't surely give away for nothing? Also, not just value of in situ - but also premium to be added because of vale of material & scarcity/last palladium player etc must attract premium? I'm expecting North of 87p up to £1.26/£1.50 realistic & beyond that would be a real bonus.
That's me in now - 500K shares but took a while today to accumulate. Average shy of 4p which is ok as expecting at least 6p-8p before end of December if licence & funding RNS'd. Whilst not a large holding - it is enough as part of my overall position & I will further top up if SP stays under 4p when my next tranche of funds arrive. GLA - glad to be with you Armadalians.