Building a Gold Stocks Portfolio

Discussion in 'Stocks & Derivatives' started by mmm....shiney!, May 31, 2021.

  1. heartastack

    heartastack Well-Known Member Silver Stacker

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    I wonder if it means they have covered back-tax.
    I have no idea !
     
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  2. heartastack

    heartastack Well-Known Member Silver Stacker

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    Bugger I sold MCT at 4 cents end of 2019... wish I never looked :eek:
     
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    What did you think of the company?
     
  4. 66rounds

    66rounds Well-Known Member Silver Stacker

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    https://www2.asx.com.au/markets/company/QRE

    According to this, QRE dividend is franked 103%. First thought was this means I can claim an extra 3% tax return on the dividend?

    Screenshot_2021-10-20-20-04-46-44.jpg
     
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  6. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Dunno if we're on track here, but found this:

    Screen Shot 2021-10-20 at 8.12.49 pm.png

    From: FSC Standard No. 2 https://fsc.org.au/resources/fsc-standards-and-guidance-notes/standards

    The imputation credit is also known as a franking credit. So I'm assuming the 103% represents the franking level.

    But that Standard has been repealed. Clear as mud hey? Still doesn't answer your question about the extra 3%.
     
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  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Haven't looked at ASX:EMR for a while, I hold this one, might be worthwhile keeping an eye on the 0.84c - 0.90c range if it falls that far.
     
  8. heartastack

    heartastack Well-Known Member Silver Stacker

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    A lot of hype around ICL and SNG at the moment. Director buying tonnes of shares for both on market. Both might pull back a bit on the wait for news. Research required.
     
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  9. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Any love for SVY
     
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  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    What do you know about it?
     
  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    If the fundies check out I'd be thinking looking at the 51c - 66c price range as far as getting some confidence that the SP is moving in the right direction and that the recent slide may have corrected.
     
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  12. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Off the top of my head nothing,
    I remember reading some results maybe last year but didn't like the price. Just saw it had slipped quite a bit and they're raising cash with options so wanted to see what others thought.
     
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  13. PMCollector

    PMCollector Well-Known Member

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    very nice bounces today, flip into crypto? head hurts crunching numbers
     
  14. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Zenith Minerals (ASX:ZNC) plan to demerge their precious and base metals assets and spin-off a new company, subject to regulatory etc approval with a likely in-specie distribution back to shareholders. Red Mountain gold is south of where I live in an historical gold producing area around Cracow and Mount Rawdon. Split Rocks gold is in WA. Keep an eye out for news around this proposal as there may be some potential here.

    The existing company will then concentrate on their lithium projects having signed a JV with EV Metals operating in Saudi Arabia developing a battery chemicals plant.

    This is mainly about the lithium venture:



    This one is more focused on their precious/base metals exploration:

    .

    Their copper assets Snook and Develin Ck are just up the road from me north of Rockhampton.
     
  15. PMCollector

    PMCollector Well-Known Member

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    Rebalanced a bit today, sold off few positions and slowly moving more into crypto. See how we go.
     
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  16. wrcmad

    wrcmad Well-Known Member Silver Stacker

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    Catching a falling knife IMO.
    I have said for ages there is too much political risk....... looks to be coming true.
     
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  17. PMCollector

    PMCollector Well-Known Member

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    Spend 3 years speaking with the smartest ppl, researching and finding every reason under the sun why it's going to fail, so you may be right... I could be wrong but still I've placed my bets and comfortable with holding, will be interesting how it all plays out. If goes wrong, I lose but will live on, if I'm right, then I don't need to be right ever again.
     
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  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Same with any market, look at the share market, RE market for investors, regular business operators eg the fishing industry, vaping (you name it) impacted by government policy on environmental and social measures. Fluctuations in the crypto market just happen to be magnified. You play the political risk for the upside and suffer the risk on the downside.
     
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  19. PMCollector

    PMCollector Well-Known Member

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    WAF such a quality goldie, just in a terrible jurisdiction... Burkina Faso's army ousted president Roch Kabore, suspended the constitution, dissolved the government and the national assembly, and closed the borders.
     
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  20. 66rounds

    66rounds Well-Known Member Silver Stacker

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    Welcome to Africa.
     
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