Member Info for Tornadotony

Sunshine

H1 60-65% annual costs vs 45% annual production. H2 35-40% annual cost and 55% annual production. We have another difficult quarter and the mood may well change here otherwise a lot of heat will be heading on management's door mat as folks will ask what are we paying these folks for if they do not deliver.

Tony

You will get a tax return to fill in May. Hopefully you do not have hundred of trades as otherwise your forms showing all your bed and breakfast positions trades (sell and buy backs within 30 days), section 104 holdings and day trades for all the stocks held need to be filled in on separately submitted sheets. The documentation is used to record your loss and its declared in your tax form with all your workings posted back to it. Say next year your gain is £2,000 higher above CGT, you would minus that off the carryover total. You can carry on doing this every year until all those losses have been reclaimed back. Each year however, you have to submit all your workings and hence why its useful to keep any trading below 80-100 in any given year as its a lot of paperwork to fill in the more trading around you do.

My wife and I made £55,000 in our trading accounts in 2020/21 and paid no CGT thanks to a loss in 2013/2014.

For those with Synairgen losses, I should stress they can be used as assets in the future in non-ISA accounts. For example if you had a £35,000 loss and in a future year that you make a £47,700 gain in your trading account you have no capital gains to pay above that £12,700 limit. Those with more than one house and selling one with CGT to pay can use the share loss as off set that you would otherwise paid tax. Its important carry over losses in your tax return every year otherwise you can lose them.

Mary spot on as you build a free carry. If things do go 100% bad quite often you find at least a quarter at least was protected and the longer doing it can be a 50% free ride.

My own view is that anything below 350p is probably going to work out fine if the company can carry on as it is throughout 2023. Unlikely to see £17 imop, but could well see above £7. All shares are getting rerated as interest rates go up.

The spike down triggered a buy which I sold at 296p for a dinner out gain. Have got orders on just under 270p for long term hold. Will soon average down the 310p. Looks like we have volume back and something tells me this could end up being positive on the day (just a hunch).

I wanted something on for next week as I do believe China will tell Putin the war can not go on and sort it out in the talks. The lose lose game can not go on for much longer as the stupidity and cruelty of the whole thing has to end.

Has a cup and handle. Base 171. Top of cup is 380p. Handle bottom is 310p. Its a different set up on the daily chart as to where the base, top and handle is. Basically one can argue it can go higher if it runs on the 5 hourly chart set up.

Got a position at 310p which I can average off tomorrow.

The volume has halved so far today. Previous lower volume days gave less volatility. It may well stay 315-335p for this afternoon.

Support lines

288p,268p,250p,232p,213p and finally at 161p.

Resistance lines 375p,382p,409p,446p, and finally at 482p.

No man's land is 290p-370p. This gives a wide trading range to exploit.

The daily chart is giving a bottom formation on Polymetal. The reason I sold earlier was the approach to the highest daily close in UK. What happens next? Quite often when you have a bowl shaped bottom like a cup it creates a handle before a breakout higher. The bottom of the handle is 1/3 down from the top and 2/3rds up from the bottom at 140p is what sometimes happen. This gives 280p area as a close for a handle. The share can then break higher for its next big jump to say 420p. Charts do not always work but those using Fibs and tech stuff do use these points to go in and buy and sell.

308 buy and 344p sell achieved. Another small scalping. USA close was at 313p. Another order on the book for a retreat later. The 129p entry still runs.

I still have my 129p buy. I bought at 324 and sold at 339 for a dog race win of £55 in the ISA.

Whatever level it retreats to it will go back to £4. I can see Blackrock using CFDs or whatever to pile in at 120-130p and rallying it up and clearing out on a wash, rinse dry cycle and doing this all over again times 2. If you make 150p on each cycle they are nearly back at £7 with no loss. The second time round will be even more chaotic especially as uncle Tom cobbly and all will get on the back of it. A week from now everyone may have recovered any losses they made in 2021/22 and may just about deliver a return on their portfolio to cover the on-going inflation surge if they had the cash timing and nerve to do it. Just need to be completely nuts and treating it as a bet on the racetrack (probably the dogs).

Gaias
Golly your holding 12M shares. Slightly less than what PA has. They should give you a place on the Board. Tony

1) Atherley biography is on market screener and Leyshon is not hidden. Neither of the two early cases are relevant to the current scenario. Pensana is not taking over another mining company. It is not going forward in producing hydrocarbons and doing the opposite. What claims of others are any different to what is written in market screener for other people.

2. Okay your not short on Pensana, so you claim. I presume you have no investment at all in Pensana if that is the case. So why are you interested visiting message boards like this one as if on some holy war campaign. Everyone knows your views on what you feel on what the investment community and the banks may do on Pensana. A number of other people see it differently. I can understand if you worked at Shell and wanted fossil fuel cars to run forever and feel some desire to fight against climate protection equity investments. The fact is any major funder from institutions will put a host of other people on the Board and bring in significant additional expertise. It would be a condition of any funding as they would be all over the delivery team.
3. Chart data has its limitations but the convergence has however arrived with an RNS.

Typos corrected version.

Theorist your an ex financial banker I gather. What is your mission here? I believe its to make money on shares you have borrowed to sell short.

In my own career, I experienced set backs and knew what it was like to have a project failure. The experience scarred me at the time, but I learned a great deal. I went on to have major successes that followed that gave huge positive impacts on many stakeholders. When I look back it was the set backs that gave me additional skills to achieve what I went on to do.

I have looked at what Paul Atherley has done. At Murchison they apparently tried for months to deliver all what the regulators in Portugal wanted the company to do at that time which included financial experts and then they were rejected back in 2002 and it was also done in conjunction with a partner company. Two years later another company managed the takeover only to off load it to another business later on. At Leyshon the oil price and gas prices were doing the exact opposite of now. They were absolutely plummeting with 60% price drops in 2014 and the entire economics of what they were doing was changing. Both these cases you say it was the fault of Paul Atherley. Somehow a project he is doing in China is massively affected by fracking in Texas in 2014 and 2015 and we all know how that story ended with the entire sector getting hammered.

All your comments Theorist are typical of someone who is shorting a stock where the vast majority of holders are not trading it. The company publishes top 20 positions every week and you know as well as I that the weekly differences are in the order of two to three days of daily trading at most. This results in a shorter having extraordinary influence in the share price as their sells are not being matched by buys as they drive the price down as they have the equivalent of two days of volume trading in their position. You then hope all your negativity and doubts that you aggressively post on here will add the odd few sells. When its likely a new buyer is around the shorts like yours are rebought which drives the price up a lot more than it would otherwise move.

I have noticed that you have not denied what I am writing is correct. DP ticked me off for using the word manipulating which is perhaps what your trades do not do but what you write on here has the intention of doing so. I do not have an issue of someone going short when they say that is what they are doing. Its when they pretend they are not shorting, but are doing so which I see as being in poor form.

This is a casino. Some people have lost a packet and others have gained substantially. The hardest thing to do is knowing when to exit and getting it right. This can go back to £10 or somebody in Russia takes over the mines and the same happens in Kazakhstan as resource nationalisation and one see the share go to zero. Those trading this know its a volatility nightmare. When it goes up its great but if the tape runs against you its awful with loads of people trying to exit the same time. So have a plan and stick to it.