Member Info for stumpy_gold

its not the sale value, its the gain. if you purchased at 29p your profit is £1k - no tax. if you bought at 15p your profit is £15k - possibly tax on 4k. the capital gain limit is 11k if i recall. (and there are also offsets and time limits involved too).

Much as I enjoyed the surprise 10p finish on Friday - it is a UT and there were 2 price monitoring extensions after normal market close so only people with DMA could play. It could have been an MM (or maybe 2) closing out a short book on month end - they don't always get it right. They can very easily end up in this position if they have been selling shares to clients but had started from a neutral position - they have no choice but to end up short to fill the orders. Usually they can cover their book by buying in the market a few days later, but it doesn't always go their way. (which btw is fun for us).

sitting in the garden drinking kummel (look it up) and just walked into the house to 10p........ what the absolute #? loving this......

Nick probably knows that if he had issued equity to Newcrest or BHP to raise, then there would have been a collapse in price as everyone bailed out, unless they paid a pretty premium to the current SP - I think I would have.

or conversely, no few large holders to ram through a takeover to suit themselves at a price that they decide.

SOLG will be BHP ... lol

multiply grams by metres and if you get the same number they are equivalent. However, the economics of each intercept could be wildly different (how much cover etc) eg. 10g/10m at surface vs 1g/100m from 400m - i'd take the 10g/10m at surface and leave you to dig up the other :-)

To be honest, I don't think I have ever posted about a share in which I don't have a financial interest - It is just a waste of my time.

i can only assume that Newcrest accelerated their program just for s***s and giggles during lock down.

ARV up 3% on ASX

about £40-£50 over spot, not normally this bad, but the CV panic has upped the premiums.
then again, i was buying gold when everyone hated it and have done for over 15 years, so paid low and paid high and the buy side premium doesnt really faze me too much.

go for 1oz coins - particularly britannias - no VAT no CGT - little bars have high premiums and not the best to move on.
Sovereigns too are good - again no VAT no CGT
ATS bullion or Sharps Pixley will see you ok ... I use ATS, its nice to visit them at Savoy Place if you able to get into London.

Coutts is fairly reliable.. :-)

look on google earth - the pit itself is about 2km by 1km - certaintly not 16km sq.

im running ok so far..

I believe GH said at the AGM that he considers the best sort of business is the business where everyone leaves the party with a balloon ( he was referring to NC not putting in a lowball offer and protecting their reputation ), and I think he is genuine in trying to make sure we all get our balloon at the end.. (i want jelly and icecream too tho).

my shares are in an ISA nominee account but I always get asked to vote ..

TSX has always proved to be very illiquid for SOLG - not, i think, what Nick was hoping for..

ive got a circle for 26th march and can see image for Hav - cant see scally tho

it literally just popped onto my twitter feed as merc man was posting..