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Ok, thanks a lot.

""The last few dividends glen paid were tax free, as they were a return of capital
Not sure if this one is or not" It is definately a capital return as per RNS, so irrelevent for divi tax, but reduces base purchase cost for CG tax, if not in a tax wrapper."

Can I check I've got this right please. The 15 Feb preliminary results refer to a $0.26 per share "base distribution". Is that not taxed in the UK as a divi then? Instead, do we subtract it from the book value of the shares we purchased for cgt purposes (assuming not in a tax wrapper)?

Thanks a lot

I’m on a 265 average, having bought again a few weeks ago, and will be selling in my trading account if sp north of 270 by close tomorrow and then hoping to buy back with a discount in excess of the divi. Isa and sipp holdings at 260 average and will hold.

I got 32%.

Yeah, has to be a good sign. Let’s see what we get.

Absolutely - and hopefully the 300s are now safely behind us - let’s see.

Trying to arbitrage/ time the market is generally impossible imo and that also applies to trying to trade the divi. In isa and sipp you can do what you want from a tax perspective and I just make it up as I see it with divis/ ex date. In my trading account though with a stock like lgen I will try to take gains as capital rather than divis to keep tax rate down so I’d rather buy ex divi and sell b4 the ex date as a general rule - but only if I’ve actually got capital gains I can take, otherwise hold for the divi and wait for the capital gains to come!

Nothing surprising to me in the RNS. Added a few on the big drop first thing. I think you just have to ask yourself whether you believe that they have enough positive data now to move the project forward and my own view is that they probably do. They also still have $70m in cash as at 30/3 so there is no risk of a fundraising any time soon and therefore the rest of this summer season and next winter is kind of for free. I'm excited about the upcoming webinar and believe you'd have to be pretty risk averse to sell out here at these depressed prices.

Interesting: 47.7p with 7p in cash and the rest in BAR shares. Will see what, if anything, FinnCap have to say about it. One point I want to get clear on is the tax treatment of the 7p and the new BAR shares for income and CGT purposes - I'd be grateful for any help on this.

Nice upgrade this morning. Will we finally see a decent sp rise that sticks?

Well done to everyone that bought that dip today, decent sized UC to finish off the day with. Who knows what tomorrow will bring.

Agreed - I’ve added on basis no meaningful read across.

Thanks. I'm surprised by muted SP reaction. I've added some here. I'd be interested if any of the experts here could kindly explain what they think the significance of this RNS is to the future of PANR. My basic understanding is that this substantially de-risks Theta, but from Theta we can't sell oil ourselves and we'd need to do a farm in/ big cash raise probably, whereas from Alkaid we can do our own oil sales (as Jay says in the RNS) and so it's really Alkaid that is the key to the short term future cash flow/ whether any requirement for further funding etc etc - and we will only know that in July after the testing (and high OP in July will be a major boost for PANR).

Quick question: is it possible to elect to receive dividends in GBP and not USD? Interactive Investor are telling me that they can't/ won't exercise the option to elect to receive dividends in GBP.
Thanks

Agree that a daily NAV from YCA would be useful and should be easily doable. Would also be nice to have a chart showing the NAV history and SP discount/premium.

Yeah, I'm guessing a lot of us feel underweight this all of a sudden. What a (deserved) turnaround.

Bought in now - can be a LT hold, income play, or cap gain stock this, depending on what happens with the macro. GLA

Thanks a lot - makes more sense. I got the 54 price from this link, not sure why it's so much lower: https://tradingeconomics.com/commodity/uranium

Am I right in understanding the divi was 125 and yet this drop is now 216? Thanks

Excuse my ignorance here: I'm struggling with the NAV calc. I thought a uranium price of 54 (which is the price I can see today) means a NAV of around 421 or so. However, that spreadsheet suggests that the NAV you posted is now 471.6p. I'm obviously missing something (maybe adding the cash balance?). Any help appreciated.