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....
You shareholders can't deny
That when a Suschov walks in with a load of Palladium
And loads of money thrown at your cranium
You get sprung, want to pull up tough
'Cause you noticed that mine was stuffed
Deep in the kippers we're wading
I'm hooked and I can't stop gaining
Oh Dmitry, I wanna get wit'cha
And take your picture
The de-rampers tried to warn me
But those minerals you got makes me, me so horny
Why does the agreement/document in the Twitter link look like it's been pieced together with newspaper clippings like some ransom note in a 1990's movie??
Not de-ramping, just found it amusing!
EUA Position: 20,000 @ 22.63 (avg)
5 billion pounds worth of beef (provided it could be readily sold) would be pretty good. At about £50/kg that equates to £22 / lb so that means £110,000,000,000 or £110 billion.
US beef consumption in 2019 was approximately 27.3 billion lbs, so I think it can be shifted.
London Stock Exchange site shows an 800,000 volume trade timed at 16:53 @ 25.2, value £201,632.00 with the Trade Flag "PRIC P"
Can someone translate? Is this a purchase? The "PRIC P" I think might relate to a negotiated purchase, but I'm not familiar with all the terminology associated with trading....
But how much does it cost to dig up that 200 billion worth of metals in infrastructure, staff, transport, overheads, etc? I don't know what the "efficiency" of mining operations is, so I haven't a clue, but one would assume that a would-be purchaser would look at what % of the estimated value of metals translates to net profit, and from that, base one's offer...
I switched to IG, leaving only very long term funds in HL and my ISA and LISA.
I don't like everything about IG's platform, but I've never had any lag/delay in pricing or filling orders.
I'd chuck IBKR in the bin too if it weren't for the wider availability of US stocks and options trading. Web platform is absolutely awful, the app is a bit crap. You can't close/roll/exercise an option on the web platform, but you can on the phone app...or you have to use their Trader Workstation software which looks like it would take about 5 years to master.
P.S. This excludes any trades in an ISA and also you can deduct your CGT allowance from the profit.
ALSO you still need to report the capital gain if the total value of the disposal is 4 x greater than your annual allowance, EVEN IF the net position is that you do not have to pay any tax.
For example, if the only trade I make in the entire year is to buy £80,000 of Nio shares and sell them for £82,000 then my gain is £2000. It's under my allowance, so no CGT to pay, however because the total consideration was £82,000 then I still have to report it, even though no tax to pay.
Surely those posting suggesting no CGT if you don't take your money out of your S&S account are joking... I mean, really?!
You report your gains and pay any tax due by 31 January in respect of the previous tax year. So by 31 January 2022 I will need to file my return for the year 6 April 2020 - 05 April 2021.
I will pay CGT on the net position of all trades I have made i.e. profits less losses. This is in respect of closed positions only...not if they're sitting at a profit but you haven't yet sold them.
If you've made multiple purchases at different times, or sold and reacquired within 30 days, the rules become more complex.
There are also matching rules which apply in order to determine your average price and profit. Read HMRC Guidance HS284.
It's a ******* nightmare to work it all out properly.
Thank you. I'll do some digging (no pun intended on the mining front there...). Thrown my hat into the ring with 10,000 shares just now but will perhaps top up.
Interestingly, I put in a buy order on Interactive Brokers at 23 and it failed to fill after about 10 mins, yet IG quoted a price and filled immediately at 22.58. Still trying to work out the pros and cons of the various brokers...