Member Info for Sotolo

Dark Knight what is good about Mara Rosa producing only 7-17k oz in the second half, even worse than the disastrous 28k oz in the first, by a long chalk, and AISC over $2000 as a result?

The WEN form is very easy, all stockbrokers have it, just fill it in online. Of course if you pay 8.75 % divi tax you will only get that back from the 15% so still pay 6.25%. And of course if higher rat tax payer better to pay 15% than 32.75% or 39.35% but on UK shares it is nil, so question is whether Anglo’s prospect are better enough to pay the extra in the isa. For instance compared to Hochschild even paying 15% US dividend withholding tax, you are doing much better. But we also have choice of EDV and Fres. thoughts?

Ilja, or anyone else, great to see weekly PGM’s rising, hopefully roll on Karo; with the weekly chrome price which matters most to Tharisa: the SA concentrate, the SA HC ferrochrome or the Turkish lumpy and in roughly what proportions, thanks.

Autonomy, I thought on dividends in trading account as long as you fill in a w-8ben form your divi is paid less 15% withholding tax whether in a trading account or isa; when you fill in your Uk tax return for your trading account shares that 15% withholding taxis automatically taken off the dividend tax you pay HMRC so therefore no different to a UK share. A good thing is that you can keep the dividend in dollars so reinvest it in Anglo at no exchange rate loss. The problem is in the ISA where you do not get back the 15% deducted in USA as no tax UK to be paid on shares in ISA. I have £540k of Anglo in the ISA (Cey was my main holding there) so at a yield of 4% rather than getting £21.6k a year I will get £3240 less ie £18.35k. I could sell Anglo for a UK quoted miner but I have enough Fres and Hoc and anyway prefer Anglo. Also if I expect a capital rise Anglo is cgt free in the ISA. Thoughts?

Thanks for that Autonomy. So if in your trading account the 12.5c cash we got along with Anglo shares is liable to cgt UNLESS the cash you revived was "SMALL" which is either

under £3000 (mine was more than that)

OR

it the cash was less than 5% of the market value of the shares,

In either of these cases you just subtract the cash received from the original base cost of your Centamin when you come to sell Anglo and thus pay cgt on it then..

However the 12.5c was 9.9 pence on 2nd Dec 2024 and the Centamin price then was 146p. Therefore we received over 5% of the shares market value in cash and therefore we pay cgt now presumably at 24%?

IS THIS RIGHT?

Does anyone here know how the cash element from the Centamin takeover, of 12.5 us cents per centamin share ,is taxed in the UK (for shares held in a trading account as supposed to an isa). Is it considered a dividend or does the base cost of the Anglo shares become what the Centamin cost you plus the 12.5 us cents per share as received in your stockbroker account (for me $20925 in my trading account) using teh £ $ exchange rate on 2nd Dec 2024?. Thanks!

3 bear, why aren’t you dealing in dollars?

My understanding is you pay only normal uk cgt on the gain selling a US share. There is in effect no withholding tax either on dividends held in a US trading account if you are a higher rate tax payer as you take their 15% off your uk tax. . You do pay 15% withholding tax on the dividend of shares held in an ISA but no cgt. So I hold Anglo and Pan American in my trading account as well as hoc and fres. It has been surprising how poorly pan American has performed especially compared to Anglo but then Anglo bought Centamin

Viable on another note yes indeed, Tharisa basket virtually $2000, and even more important $1700 for Karo. Rh seems to have had its little pullback and really be on a roll, maybe one day will even break even on these

Deepsurvey I will be very happy if it holds 300p through the financials later this mont

Thanks Somnana, weren’t we lucky (or prescient) to keep these att the takeover. Half mine ar in the trading account so sometimes I keep all or part of the dividend in dollars and reinvest it then or later. I understand if you keep in dollars you declare the dollar amount to HMRC at the spot rate on the day received in your account? However if you convert all or part to sterling at ii within a day or two do you still use the spot rate despite they have charged you 1.5% or the sterling amount you receive in your sterling cash account with them? My next trading account divi happily $13700 so 1.5% would be £200 I didn’t get to pay tax on. On another note I wondered whether to set up a wise account to convert without the 1.5% but hardly seems worth the bother

Viable excuse me being so silly but why?

Anyone know can you elect to receiver Anglo dividend into your UK account (mine is Interactive Investor) in sterling, as my broker charges 1.5% to convert it?

Yet another miner Barrick reports better than expected and soaring shareholder dividends/payback, shame about us but we were stretched buying the new mine to replace our ones that had run out, the borrowing demanded hedges and we didn't know about its problems though the boss who came too went pretty quickly. Now as said all depends on how much, how quickly and at what cost MR can be solved, if the news is good we should catch up with the other miners which would be lovely, if not well it is the roller coaster company we all know and love with so much promise if or when it comes good. I as ever remain holding though will hold onto my seat on 27th Aug

Back at June price levels doesn’t mean investors are not really concerned about the six week pause at MR, as our rivals have soared, we are down 5% since mid April while Fresnillo and Anglo that took over sentiment are both up 50%. Without the MR debacle and hedges we should be above 400. However, the market is worried about the upcoming results. Cash will be nothing like as wonderful as rivals, MR is more than a six week wonder and we have hedges for the next three years albeit lower in 2026 and 2027. But the share price depends not on the comparatively miserable profitability of this year but what the board say about next and if MR is on the way back which we just don’t know yet.

The price of Hoc is of course linked to PM prices (around ⅔ gold ⅓ silver which is quite high for any silver miner and silver should rise more once Pallancata gets going again with its expansion under a new name). However currently overhanging the share price is the Mara Rosa gold mine debacle with no clear answer yet on how quickly and how much it will be solved, and this year's hefty hedge becoming proportionately more as ounces reduce; we will hopefully get some more answers at the financials in 20 days time and hopefully they will be good but till then this is hanging over the price. Also it had recovered a bit so stopped here for a pause. As long as it stays over £3, I shall be happy; next year looks bright as does silver come the autumn and hopefully soon. All of course just my opinion, you might have received other oracular responses but I filter those from our frisky newer younger member.

Spot our emails posted at the same moment but seem to say identical thing, Sell some next May and go away, hope not too late, and in the meantime may be time to start spending the great divi on fun rather than reinvesting

3Bear and Mr Bond, what memories; and Isn’t it lovely now, wish all the old gang were here as we now get our golden flip flops; I will stick my neck out again:. Gold has been range bound since April, I expect it to break out in the autumn and if it does gold rise towards $4k, in which case £4 Cey is on the horizon a third above here. As usual my timing may be a little fuzzy, the challenge is when to take money off.

Yes today the price broke £3 in Centamin terms today so actually up 250% since the bid and that is not including having reinvested the cash element and doubled it in other miners which makes it towards 300% if you invested the cash element wisely. Yes those who sold must rue the day. I hung on as Centamin potential was huge but we had lousy management so with Anglo running the show continuing to hold Sukarno through them is great

Well done Spanish John on your purchase. For those who held on we have near £3 in Centamin terms plus if invested the cash element in Fres or hoc as many did have well over £3 for each Cey share