Member Info for WelshFalcon

Just spotted this. Interesting read - a possible welcome change of focus in the US from Biden. More focus on testing and therapeutics.

https://www.ft.com/content/c56b93de-d5f9-4c1f-af66-44cf9a91b898

Biden adviser calls for overhaul of Trump’s ‘Warp Speed’ vaccine effort.

'tis Friday 13th, so a glitch or two could be on the cards.

I've only had one email notification from the stock exchange, so am assuming the '2' on here is a friday 13th.....

Woah there tex. Slow down.....

It's Friday 13th today, overthinking everything could well be entering the twilight zone!

Happy Falcon too.

And there's always the curved ball to cater for! Minx mutations?

Your point being?

Thanks Paddy. Spotted this on your twitter also. You are a star!

Is that the chat equvalent of being on the short strokes?

Come on guys, lets stop it with the conspiracy theories. We are better than that.

This is a medical therapeutic stock and we all look at the science carefully. Think over the many hoops we have to jump through to get to market and the evidence based trials we go through. All well understood by many on here.

So why, oh why, on gods earth do we have a bunch of fools spouting conspiracy theories on here?
No - today's market wasn't orchestrated by the MMs
The great 'they' didn't cause most of the broker's systems to crash.
LSE crashing was not some sort of nefarious action by someone trying to cheat you!

All that happened was a market reaction to news of a vaccine. The resultant price movement drew a large number of people to log on to their accounts. Most likely servers were overloaded with all the extra traffic causing problems. Some companies coped better than others, but is was akin to a market wide denial of service attack due to excessive demand. That is all!

The US has voted Trump out, so hopefully we can all get back to normal and stop believing in conspiracies that the great and nasty 'they' that work against 'us'. It isn't true! It never was.

Do try to find the logical and reasonable reasons, please

It's not an either/or! Both will be needed for quite a while yet.

Also it needs -80C storage. So there is a distribution and storage challenge to overcome.

HL was terrible, but I did manage a top up at 21.46 (plus a couple of juicy ones on SNG). Nail biting time, though.

Day of gremlins and panic selling.

Wow, LSE down all day and HL was slow and crashed a couple of times - even so, I managed a top up at 115 on the way down and another at 96 on the way back up.

Once everyone calms down, normality should return!

The new Telfer (with Hav ore) AISC is not one number. It all depends on circumstances.

Initially we should have some ore from the exploration decline which will prove up what can be done for the PFS. AISC for this will be high as it will be a low throughput until the infrastructure is better defined and built.

I suspect that NCM will target the sulphide (higher grade) ores first whilst planning/building declines for bulk mining of the breccias. We will need to wait until we get the PFS to see exactly how they will plan all this and wen it happens. The AISC for the high grade sulphides will largely depend on the grade that comes out of the ground. Currently we can only guess on how much and when. Maybe $600 ish - with a very large margin of error.

Once the bulk mining gets going we can use Cadia as an example. Don't grab the Cadia ASIC number as it is, though. We need to compare the relative copper content as the copper comes in as a deduction to to the AISC. If we have better copper grades, this implies a lower AISC etc.

So, initially we will have a high AISC. over time this should come down, but we will need to factor in the 'how, when and why' of the mine design. Ultimately we should approach near Cadia but, in my opinion/guess, this will be in 6 - 8 years time.

IMO, the more important (short term) drivers of value will be the MRE along with the price of gold.

Well, that's my thoughts/expectations anyway. I didn't read the boards over the weekend - messy?

Try talking to your broker, they can explain what has gone on in your account.

This is an open bulletin board and we have no idea what your broker has done for you or what your actual instructions were to them.

Spot on @Schrow.

Don't forget the LTA increases each year, so you do get an inflationary increase.

There is also the possibility that the LTA may be changed or abolished at some point. There are lost of arguments around returns on gilts vs those on final salary type schemes have much better pre LTA return than those with SIPPs. Purchasing an annuity is costly on LTA with minimal anual returns. You could write a book on it! It is coming to the fore, as many health service consultants are having problems over their pensions, so in the current climate this may be looked at - who knows!

My loose plan is to go into drawdown.
Draw only what I need, plus whatever I can (within the 20% tax band) extra to feed my ISA.
Run my ISA as I would the SIPP. Once I reach 75, the SIPP will attract a tax charge at 25% (over whatever is left of the LTA). My ISA can now pay tax free income to replace any reduction in income from my SIPP (due to tax charge).
In short, I'm taking out each year, whatever I can at a lower tax rate (20% vs 25%) and pre funding a tax free income for later.

You need a very clever spreadsheet to see the benefits.....

One way you could consider is to sell everything you have in your ISA. Use all your resultant ISA funds to by SNG. The sell the same number of SNG shares in your SIPP, using the funds raised to buy whatever you sold in your ISA back, but now in your SIPP. This will effectively move your SNG to your ISA with just the dealing costs.

May work depending on how much you have in each etc...

I have the same situation. Along with SNG and my GGP holdings I may well hit the LFA limit. My ISA is full too.

Lots worry about this, but I am unconcerned for two reasons.

1) you only start to pay the additional tax (assuming you put your pension into drawdown) once you have drawn up to the LFA. The LFA will increase over time, and may even be abolished sometime in the future! So you could draw down 50K a year and it will take over 20 years to hit the LFA tax. This, plus the full state pension plus my ISA earnings will give me more income than I need and will give me a very comfortable lifestyle.

2) I try to be a responsible person, so if I do end up paying this extra tax, I will be very happy to do so. A sort of putting something back as a thanks for my luck in have a better than average lifestyle.

SO - totally unconcerned.

Is that grated chicken of grated cheese.

Sorry, couldn't resist.

I'll get me coat.

He does , Crypto.

But he's a cleverer than the rest of us. Buys them only 1 at a time so he can stack them all end to end, while the rest of us keep all ours in on big lump. It means pmjh has a much longer endowment than any of us.