The LONMIN share price thread

[Thor]

So another company will willingly pump money into a mine that has just this year been implicated in an Emmy award winning documentary? Good luck with your investment guys

Also the rights issue was already approved so they are already pumping

 

[Pitbull]

Also the rights issue was already approved so they are already pumping

Like I said, good luck with your investments guys. I wish you the best

 

[techead]

Like I said, good luck with your investments guys. I wish you the best

Dony be such a cynic.

It's not like people are throwing their life savings into this. At 30c a share you can buy s **** ton load and walk away either with a fat wad of cash, or you down a few bucks.

 

[Mike Hoxbig]

Like I said, good luck with your investments guys. I wish you the best

It's not like we dumped our life savings into this. We went into it knowing that it was a gamble, prepared to lose a few bucks. I've already more than doubled what I put in, based on current prices...

 

[Thor]

Dony be such a cynic.

It's not like people are throwing their life savings into this. At 30c a share you can buy s **** ton load and walk away either with a fat wad of cash, or you down a few bucks.

Exactly I only have a few K pumped in and at a hefty profit already just waiting for that above R1 then I'm out smiling

 

[The_Ogre]

Just remember guys, you'll have to declare all your profits when you do your tax return next year :twisted:

 

[Pitbull]

Dony be such a cynic.

It's not like people are throwing their life savings into this. At 30c a share you can buy s **** ton load and walk away either with a fat wad of cash, or you down a few bucks.

It's not like we dumped our life savings into this. We went into it knowing that it was a gamble, prepared to lose a few bucks. I've already more than doubled what I put in, based on current prices...

I really am not a cynic guys. I was just curious. If this works, well done.

 

[TofuMofu]

The non-1c ones? Those are shares (though some might argue that its acually a CFD)

Oh no, then I'm safe. I paid 49c for mine

 

[Polymathic]

It's not like we dumped our life savings into this. We went into it knowing that it was a gamble, prepared to lose a few bucks. I've already more than doubled what I put in, based on current prices...

Learn't a lot during the past couple days even if Lonmin tanks it's a good investment as far as school fees goes

 

[techead]

During the year ending 30 September, Lonmin's production costs fell by 24%

changes made already bearing fruit.

 

[The_Ogre]

74c

 

[SauRoNZA]

Just remember guys, you'll have to declare all your profits when you do your tax return next year :twisted:

Not if you hold onto it low term

 

[techead]

Just remember guys, you'll have to declare all your profits when you do your tax return next year :twisted:

only if you make more than R30k PROFIT

 

[Purply]

Pffft SARS, they the least of my concerns when it comes to investing.

 

[The_Ogre]

only if you make more than R30k PROFIT

Nope, you have to pay CGT on any profits you make.

 

[TofuMofu]

only if you make more than R30k PROFIT

Really? So if I make 29k profit then I make that clean?

I somehow don't think that's right.

EDIT:

Nope, you have to pay CGT on any profits you make.

Oh there

 

[techead]

Let me see what I can find. I'm just going on what I was told

 

[mintydroid]

Short term speculative share investing gains are seen as income tax. You must hold for 3 years as far as I understand for it to be capital gains.

 

[TofuMofu]

Short term speculative share investing gains are seen as income tax. You must hold for 3 years as far as I understand for it to be capital gains.

And the difference is?

I am an investment noob

 

[The_Ogre]

And the difference is?

I am an investment noob

I'm not sure he's correct, CGT is tax on money you get from selling an asset.

Income tax is tax you pay on your salary if an individual or money you get from your day to day business activities.