CGT 0.00% 21.0¢ castlemaine goldfields limited

Ann: Change in substantial holding , page-7

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  1. LZA
    1,858 Posts.
    having received lion gold shares for SBL, i would point out that it takes 1 month from acceptance to be posted the lion gold certificate, and then a full 60 days from then to be able to trade lion gold shares via your own broker as it is in certificate form. that means at least 3 months in limbo when lion gold shares could plummet, or the POG.

    imo this is far too risky for the upside of a few cents.
    If holders elect the automatic sale of their lion gold shares, be aware that lion gold dropped about 7% on the day the broker sold the huge parcel from SBL t/o, and then there is currency conversion costs as well.

    just for the benefit of CGT holders - i would take the 15 cents if it were me,
    LZA
 
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