Fawkandles Posted January 11, 2011 Share Posted January 11, 2011 (edited) Wow, cheers Fawkandles! Just checking out FTE and ALO... FTE looking good. I buy mine through my investment account... so if I make incredible gains over £10.1k I'll have to pay 28% tax on those gains above that figure Same with you guys, or do you spread bet them instead (no CGT)? The only thing about ALO is they've very little news and their website is sparse on info also. I did look at them months ago - what attracts you in particular? I'm new to investing, so doubt CGT will be an issue in my first year. I have XEL and CAZA mostly in an ISA so tax free. Otherwise around 6k profit this year taxable. Cross that bridge when I come to it. ALO is a tiny company right now, so I'll forgive them for not having a great website. I'm hoping their 2010 annual report is out soon, and they should have some good news this quarter, but not yet. (Hence why I'm building a stake) I wanted a small explorer, focused as much as possible on uranium, early in its lifecycle. ALO is the best fit. The main risk other than not finding anything is that Mauratania is a dodgy country. My hunch is that the government wont be an issue unless the company is mega successful - doubtful. I can't find anything wrong with the company. BOD seems good, and hold shares. They have already raised cash so no dilution surprises, which also puts strong support under the price now (but maybe some overhang) Just gotta build a stake and wait for 2 years. Edited January 11, 2011 by Fawkandles Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 11, 2011 Share Posted January 11, 2011 Now I'm thinking about it, we should have a separate thread about Capital Gains Tax. It will be an issue and I would rather avoid it (the legal one!) Just don't tell the main forum. They want it raised! Quote Link to comment Share on other sites More sharing options...
porca misèria Posted January 12, 2011 Share Posted January 12, 2011 Hi guitarman, I am guessing by the tone of your recent posts on this forum that you will probably not fully stomach the wild ride that is the AIM. Can you live with downsides of 50-95% losses? A nice portfolio of safe biggest-of-the-blue-chips three years ago or so ... the Scottish banks, for instance. Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 15, 2011 Share Posted January 15, 2011 (edited) Still biding my time.... all I need is for one of them to rocket lol. Strangely I feel very at ease even though I'm in AIM - not bothering about share price falls - maybe I'm maturing as an investor. Now... as long as gold doesn't tumble! EDIT - CGT thread WOULD be good. Edited January 15, 2011 by guitarman001 Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 15, 2011 Share Posted January 15, 2011 Looks like CAZA is about to pop, so I'm moving it to an ISA where it should have been in the first place. Sold BPC on yesterdays 15% rise. All time high for my holdings Once you become comfortable with losses, and understanding WHY its in the red, its not a worry. I'ce been red on CAZA for months, but confident it wouldn't last forever (so much so I tripled my holding). Same now with ALO. Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 15, 2011 Share Posted January 15, 2011 Why is CAZA about to pop? So may to watch, it's hard to keep up. I've decided I've enough in shares for now (approx 1/3 of savings) so wont be adding more any time too soon. I've got faith in the companies I've chosen, especially Angel Mining - Can't wait to see what value they hold at the end of years 1, 2, 3 (when I intend to buy!) Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 15, 2011 Share Posted January 15, 2011 Why is CAZA about to pop? So may to watch, it's hard to keep up. I've decided I've enough in shares for now (approx 1/3 of savings) so wont be adding more any time too soon. I've got faith in the companies I've chosen, especially Angel Mining - Can't wait to see what value they hold at the end of years 1, 2, 3 (when I intend to buy!) CAZA is currently drilling so it could pop up or down depending on if they find dust or oil/gas. Apparently it is quite undervalued compared to other junior oilers at similar stage of their lifecycle. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted January 15, 2011 Share Posted January 15, 2011 Anyone making good profits since the beginning of 2011 yet? /me up £3.5k on one share alone. And it's no AIM tiddler, it's in the FTSE 100 Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 15, 2011 Share Posted January 15, 2011 (edited) Anyone making good profits since the beginning of 2011 yet? /me up £3.5k on one share alone. And it's no AIM tiddler, it's in the FTSE 100 ARM? I'm mostly down particulary on my gold miners but I am holding tight. Edited January 15, 2011 by nohpc Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 15, 2011 Share Posted January 15, 2011 I marvel at how ARM keeps going up........ truly hope that they don't get bought out and keep their business going. (I work in that sort of sector). Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 15, 2011 Share Posted January 15, 2011 For ease of conversation, which do you consider good then please? Don't have individual shares but I hold Blackrock Gold and Junior Gold Miners Fund. Both have soared far too high and will correct heav ily over the current correction in gold prices. Having held them for sometime now the volatility doesn't bother me and I might add to them. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 15, 2011 Share Posted January 15, 2011 Why is CAZA about to pop? So may to watch, it's hard to keep up. I've decided I've enough in shares for now (approx 1/3 of savings) so wont be adding more any time too soon. I've got faith in the companies I've chosen, especially Angel Mining - Can't wait to see what value they hold at the end of years 1, 2, 3 (when I intend to buy!) Typo? You mean sell in 3 years? Or youre shorting? CAZA is popping above resistance on anticipation of the new drill. Its one of three "company making" prospects. Have a watch of the directors recent interview. (Cant link as i'm on the mobile phone. Its on the iii forum yesterday) Whats the other 2/3rds stashed in? Cash? Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 15, 2011 Share Posted January 15, 2011 [qaeote name=porca misèria' timestamp='1295099190' post='2856321] Anyone making good profits since the beginning of 2011 yet? /me up £3.5k on one share alone. And it's no AIM tiddler, it's in the FTSE 100 Not til you've sold it you arent I havent done the calcs but up 10% ish since end of december. Herencia and trading BPC, and despite ALO dropping 15%. Not all paper eitther as ive sold up into caash on 2 holdings, biding my time for a bargain, in current watched stocks or elsewhere. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted January 15, 2011 Share Posted January 15, 2011 ARM? I'm mostly down particulary on my gold miners but I am holding tight. Yep ARM is my biggest single holding, and likely to remain so. If I have a regret it's taking profits too early on part of my investment. FWIW I suspect it's got ahead of itself now, but longer term it's at the heart of one helluva growth story Glad I came to that conclusion when it was under 90p. Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 16, 2011 Share Posted January 16, 2011 90p!! Well done! Fawk... I meant I'm going to sell in about 3 years, at least a part of my portfolio anyway. >1/3 in NS&I index-linked, the rest in Lloyds Vantage (4% gross easy access current account). Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 16, 2011 Share Posted January 16, 2011 Fair enough but you think gold is going to correct quite away then do you from here? yes, it has to correct so the bull market can continue. That's how it works isn't it? Unless we're already at the top of the bull market. Nothing goes up in a straight line. Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 17, 2011 Share Posted January 17, 2011 Without consulting the chart (that's me), what sort of percentage do you think it would / will correct by then please? 13% from peak. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 17, 2011 Share Posted January 17, 2011 I'm uneasy about gold given my bullishness on economic recovery. I have contradicted myself by buying shares in a gold miner that will hopefully be producing in 2-3 years time... The thing is, they also have just as much uranium to dig up, and the gold prospects SHOULD have copper in them too - and I like copper. Quote Link to comment Share on other sites More sharing options...
Fawkandles Posted January 17, 2011 Share Posted January 17, 2011 Oh and I sold BPC just in time for a director to sell his shares Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 27, 2011 Share Posted January 27, 2011 I've just has the worst streak ever.......... OTC released their RNS and I topped up prior. Price dropped 40%+, lost a decent wad. Most of my other AIM miners are down 20%+ also - did some damage limitation and sold some AIM stocks that were up 10%ish, and lucky I did, as some of those are now done, also!!! There's something funny going on right now and I don't like it.... Overall down another £1.4k on all my investments and pretty worried. It's not life changing, just a pain in the ass as it will take several months to make that back up. I'm not even being greedy, I'm holding these for a year or two, but if the prices drop more than 25% I sell half and keep the rest in hope of any recovery. Choppy waters right now and it's been quiet here - how have you all fared? Am I the only one? Honestly, it seems I have the WORST luck possible... all I want is 5%+, I'm not hoping for too much - as soon as I can break even/slightly higher than entry point, I will sell and be rid of this. Maybe there's something to the saying that engineers make poor investors.... Quote Link to comment Share on other sites More sharing options...
porca misèria Posted January 28, 2011 Share Posted January 28, 2011 AIM miners Good grief! Wouldn't it be less painful to spend it on Ladbrokes or the national lottery? Quote Link to comment Share on other sites More sharing options...
Lagarde's Drift Posted January 28, 2011 Share Posted January 28, 2011 Good grief! Wouldn't it be less painful to spend it on Ladbrokes or the national lottery? Sounds like guitar man is going through the sink or swim phase of a new aim investor. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted January 28, 2011 Share Posted January 28, 2011 Sounds like guitar man is going through the sink or swim phase of a new aim investor. not just that, but AIM miners ... you'd be hard-pressed to find a frothier bubble! Quote Link to comment Share on other sites More sharing options...
guitarman001 Posted January 29, 2011 Share Posted January 29, 2011 I get your points, I do.... Quote Link to comment Share on other sites More sharing options...
nohpc Posted February 7, 2011 Share Posted February 7, 2011 not just that, but AIM miners ... you'd be hard-pressed to find a frothier bubble! Not really. They are very volatile but not in a bubble. I'll come back in a year and let you know if I doubled my money again on mIners or not Quote Link to comment Share on other sites More sharing options...
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