Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I think I'd take 16p right now. I have other ideas for it...!
Interesting what an acceptable bid might be, as Hurricane as I have just checked and Hurrican is more widely held now than I thought. So Kerogen, Crystal Amber, Artemis, even Stonehage and Robert Trice don't get you far enough. I have been in since the beginning (the very beginning, 2005!) and am probably the only mug from then who didn't sell down nearly everything at 50p at the two opportunities there have been. I would accept less now!
Dependson the level of your pension payment. Add them together, subtract annual personal allowance of £12,500 (assuming itis the only allowance you have) and £2,000 dividend allowance. If the number is not huge, the £10,000 div income will attract only 7.5% tax (https://www.crunch.co.uk/knowledge/tax/tax-rates-thresholds-and-allowances-for-current-tax-year/#:~:text=The%20tax%2Dfree%20dividend%20allowance,taxpayers%20pay%2038.1%25%20on%20dividends.)
So £750 tax. But I would always BED and ISA your holdings as necessary every year to get £20,000 of capital into your ISA while this allowance lasts (and I wouldn't be surprised if it gets cut next year; the national debt has to be reduced somehow).
Did you sell out before it became Tectonic Gold? It's a completely different story now.
Invited in. But make no mistake, this is risky stuff and many fail, so you have to make and live with your own decisions. You could start by searching around the term angel investing. But remember, this is 13 years on now and not a particularly good return yet, given the years!
And exploration licenses were bought with investor money with limited timescales to drill, so RT had to make a credible case to the authority that we could raise funds to drill. Would probably never have happened without the initial involvement of James Hudleston.
As someone in at the start of Hurricane, 2005, and holding ever since, can I just say to some that this is not quick money. I am pleased by the Spirit deal. This started with a handful of investors and about 3 people. The full value to the UK will emerge, one way or another during next year. Perhaps some PIs will make a killing between now and then. Perhaps an oil major will buy it out early, but if you can hang on 18 months, you should be rewarded. For those not involved in mining companies before, unless you trade on news stories, the value is only really seen when you start getting saleable stuff out of the ground. And if Robert Trice is proved right, he deserves a gong for services to UK oil and gas, because not many believed him. Spirit clearly does, and that relaxes me considerably. A little more patience, although, to those of us beginning to notice the years, that can be hard.
Yes, they are. I have the contact at Peterhouse if you want to buy in, but you'd have to commit pretty quickly.
End of next week/beginning of week after, if Monday's resolutions are passed. Do you intend to sell?
Oops, sorry! Yes, NEX. Was distracted in considering the intention to follow on with an ASX listing next year.
I hope you have all managed to get your votes in (hoping you are not stuck in Beaufort). Having had to be patient, I am now convinced, given the work for equity deal with Titeline and imminent ASX listing, that this is a very interesting project. There is very little available in the UK capital raise, and I would suggest you hold on listing. Of course, please let me know if you intend to sell immediately, as you might make it worth holding on to buy in the market.
I think end April on NEX, but before you sell, best read what they will put out. Yes, it has been frustrating, but people like Brett Boynton are heavily invested in this working. They want the opportunity of a stepping stone to a larger capital raise in possibly going to LSE. NEX listing should start at 2p. But unless you need the money, please understand that the directors have significant incentives to attain more. The new company has basically nothing to do with graphite, and everything to do with gold. Timing might eventually be right in a year or two as cryptocurrencies collapse and people decide that gold does have appeal after all.
Sadly I will be abroad: otherwise I'd make an effort.. Long-term holder of quite a few. Met Brett last year before this really kicked off, so I'd be very grateful for your assessment after you meet him, especially if your first name happens to be Niko, in which case we're connected!