Member Info for Normi

My last message is re MH01 at 11:52, sorry still getting the hang of the thread thing!

Both tax on dividends and capital gains tax (CGT) depend on how much you earn. At the current time, the rates are as follows:

CGT: up to £3,000 tax free, then lower rate = 18% (basic rate taxpayer), higher rate = 24% (higher rate or additional rate taxpayer)

Dividends: up to £500 tax free, then charged at 8.75%/33.75%/39.75% depending on if you’re a basic rate/higher rate/ additional rate taxpayer. The personal allowance of £12,570 can also be used here, but this is often already used by other income like employment income.

Basic rate is roughly up to £50k income. Higher rate is roughly £50-150k income. Additional rate is roughly £150k+ income (all annual).

It’s also worth nothing that if shares are held within an ISA, neither of the above taxes apply.

But as above, it depends on how much other income one earns (e.g. most people have employment income which can use some allowances etc.), so this is very much dependent on the individual’s circumstances.

Happy to help further if needed, please feel free to send a direct message.

Hi all,

I’ve been reading posts here on an almost daily basis since first investing here after the 'deal announcement' last year. I've managed to acquire a significant (for me) holding that I'm hoping to hold into 2028 and possibly beyond, depending on how things go in the meantime, of course! I'm 37. Average is 7.1p.

I felt the need to resurrect this account to thank all the seasoned posters here for their excellent knowledge and understanding of this share, which has helped me no end over the last 6 months or so. I always felt out of the club when people referred to 2020/Newcrest/Newmont etc., but that has helped me understand the history here, which is also helpful. However, upon checking my share spreadsheet last month to update the figures (not as green as I'd like...), I noticed that I actually first bought this share in 2013 for 0.47. I sold for a 50% profit later that year. That would be worth over £20k now!

I'm actually a qualified accountant, although I haven't worked in practice for over 10 years now. As above, I love a spreadsheet! As such, I finally have something to contribute following some discussions yesterday. Following the RNS yesterday, some posters were talking about how/when the value will be added to the balance sheet. It's important to remember that accounts/finance statements are always factual, and historical. So the asset value that gets added to the balance sheet is largely based on the money spent on developing the asset (i.e. that $40m figure that was mentioned). The company itself may produce other figures based on grades/number of ounces/gold price/ etc., however they will not often become part of the actual balance sheet, just forecasts and budgets etc. If you want something to send you to sleep, the link below can further explain:

https://www.accaglobal.com/uk/en/student/exam-support-resources/dipifr-study-resources/technical-articles/ifrs6.html

I'm happy to try to answer any questions people may have.

Good luck all and many thanks once again.

Normi

P.S: Of course all my shares are in an ISA!

If there is bad blood between Calibre and JM/MC/both, then surely the best way for Calibre to upset the 'CNR applecart' is to lodge a higher bid before deadline day than the current one...!

Reading between the lines, I think it sounds at though discussions were further along with one party back but that has turned sour. As such, it feels like we're back at the earlier stages again. Hopefully, things are done differently this time that can lead to a binding offer quicker and progression regarding the progress.

Not many answers.

I have two major concerns here (aside from the obvious lack of compentance).

1) GR is supposedly taking half his salary in shares, why has there been no notification for this? What price is GR waiting for?! Given the price is at rock bottom, would he be willing to take it at a slight premium to restore investor confidence? Surely we must hear about this soon or is it just more hot air?

2) After the NewCo news was announced we were assured regular updates and communication with shareholders during a subsequent webinar. Since then we've heard virtually nothing except for continual delays regarding the government. So disappointing...

Only Fools and George
Fawlty Miners
Absolutely Horrendous
Curb Your Enthusiasm (perfect 👌 !)

Yes miln, I call it stupid. So you don't take into account sensible things such as shares in issue or anything like that?

Yesterday morning you posted this: "JV discussions for RHA ongoing. Plan is for a proportion of RHA - taken from NIEEF - to be given to a partner for a lump sum and that this will be used as working capital where needed, across portfolio. In other words, RHA deal would bring on a reasonable amount of working capital - a lump sum - which would in turn support work on ZULU." My question is 'Why on Earth would an RHA JV partner be happy for their capital to be spent 'across portfolio' on assets that they have no interest in?'

Ah crap, knew I knew the name from somewhere and didn't bother to check! I'll file that under the 'sobering' list! Less than 20% could still equate to $166m though, although a win for us would be preferable!

Many thanks for that Jeremiah, I have seen several reports on ICSID cases but actually hadn't come across this one before so thanks for posting. As you say some reasons to stay sober! But, I also thought there were a few positives to take other than the non-disclosed awards and those settled out of court that may have yielded high awards if they weer followed through. Firstly, only two cases ever have a higher 'average claim (US$)' and realised $0, I found that encouraging (P.S: I assumed our 'average claim' to be $489m + £1,256m = $1,745m/2 = $872.5m). Secondly, if you look at section "6.3 Results by Damages Expert", Tim Hart has a pretty good record so I found that encouraging too. Also worth bearing in mind regarding this is that the report in pre-Yukos. I think it's safe to say that would be considered an outlier in this report too! IMO, there is plenty to be encouraged about following the Yukos verdict that of course isn't mentioned in the report. P.S: It'll come one day...

Me too, target not as high though! GL

Apologies - I can't spell!

MackinHay - me too - got £10k's worth at 164.46. Have read your posts over recent weeks with interst, keep them coming please! My target is 178-190, will see how it goes, going to try and trade this I think...! You got a target in mind?