Member Info for SW16

Cornish Lithium recently did a second fundraising round on Crowdcube.com which was oversubscribed. I would not expect it to be floated on any stock market soon as I think investors would lose the benefits of the EIS tax relief they received. Probably best to keep an eye on Crowdcube for any future fundraising

@Kernowlad: You are right that it is £85,000 per institution (so if both banks have the same owner you are limited to £85,000 maximum compensation).
BUT it depends, I think, what you mean by "funds" in your example. If you mean unit trusts or similar, I think you are right. If you mean cash (eg in a savings or current account), then that is treated as a separate category and you would be entitled to a maximum of £85,000 on that as well.
In practice, shares should be ring-finced and out of reach of creditors.
When you say that the government would step in, I think that is what the Compensation scheme is designed to be.
https://www.which.co.uk/money/savings-and-isas/savings-accounts/fscs-are-my-savings-safe-acjlu3l9hd48

Terrible losses crop up in lots of places. Only privatisation share I bought was Railtrack. Later had largest part of my money in nice, safe, dividend-paying Lloyds-TSB. After share splits etc, I had been buying at around £4.50 (and reinvesting dividends). After bailing out HBoS, LLOY dropped until I eventually sold at £0.45. Talking to someone recently who was holding as they "were bound to recover". I looked that day and saw the price had halved again to 23p.

Some people might be frustrated by the share price, but a rise of over 14% in October shouldn't be dismissed as"stagnation"

"Mining minnow" - is either of those words correct?
"Newcrest may even offer to buy Greatland. In this best-case scenario, there may be a substantial return on the investment" - not everyone would see a buyout as the best-case scenario.
Whilst we might think MF is now right in backing GGP, I am not convinced that the quality of the analysis is significantly improved

WelshFalcon is right to say that Greatland ISA independent company, and with that comes responsibilities for reporting etc.
In the case of Havieron, it is Newcrest doing the drilling. The usual Greatland RNS will note that Newcrest have announced a [insert adjective] set of results from Havieron.
The timing of announcements about other projects would be for Greatland alone, taking into account legal requirements on reporting (and, I suppose) the best interests of shareholders

Large investors writing to major mining companies following Rio Tinto's destruction of important heritage site https://news.sky.com/story/10trn-investor-group-presses-resources-giants-after-rio-tinto-crisis-12116226

Yellowstuff - If you're selling and buying back outside of an ISA or SIPP, you will need to be out of the market for 30 days I think to avoid CGT. https://www.gov.uk/government/publications/shares-and-capital-gains-tax-hs284-self-assessment-helpsheet

Actually, the more 9s the higher the price. It was the price being below a penny that wasn't doing much for the blood pressure

Speedymeadie I hope that that p in 0.1999p is a typo. If not, a lot of us could be worried at the thought of that price

You don't have to be paying income tax to get the tax benefit in a SIPP. A person can pay in £2880 a year and get 25% added. It can be a useful boost if contributing to a SIPP for child/grandchild etc

HMRC adds 25% to your SIPP contribution, not 20%

Quite a few considerations, including present tax situation compared to likelihood in retirement. Here are some things to consider https://www.onlinemoneyadvisor.co.uk/pensions/sipps/sipp-vs-isa/

An ever-rising share price is more likely to lead to a share split - but we are a long way off that

Crazy fund The simple answer
NO

Crazy fund. Changes in share prices of shares you own does not affect the average of what you paid for the shares.

If you buy even a single share at a price above your average, the average of all increases.

Regardless of the price at which you sell the one share, your average purchase price will be higher than if you had never bought it.

But why worry about average purchase price? Isn't it really all about whether that new share you buy is going to make money

Every time you sell in an ordinary trading account you are creating a profit or loss for Capital Gains Tax purposes. Any profit over the annual limit in a particular tax year is taxable (unless you have other losses to offset against it)

BlueMonday Yes and Yes

WelshFalcon HL do not offer a flexible ISA (in the sense that you can withdraw money and put money back in the same tax year (over and above the annual ISA allowance). I have been arguing with them for a while and they say they have no plans to introduce one as they are not seeing demand from clients.
It's irritating as HL just want to hang on to client money

Jet47 If you take money out of an ISA, or win the lottery, and keep the money in a shoebox, it will stay tax-free forever (under current law) until you die - at which point your estate might have to pay Inheritence Tax