i know it is down there, page-19

re: i know it is down there sangshim Hi Dbullman

Yes you should see an Accountant before any decision is made but this is how I think it works.

Buy 10000 shares for $1 = $10000.00 sell 5000 shares @ $2.00 now you have sold ½ of you’re investment ie $5000.00 is ½ of you’re original cost and $5000.00 is the capitol gain you have to pay tax on.

Now if you keep the investment for 12 months with the same scenario applied and you only pay tax on $2500.00 and the rest is in the back pocket.

It’s a hard one. Hold and miss out on a good profit. But sell and you pay full CGT within 12 months or hold and sell later with the ½ tax rule applying.

For me maybe I will sell a few but I am looking at well 2 or 3 because if the flows on well 1 is good but not great then well 2 should double the flow etc.

Personally I think the Paradox well will flow way above what folks think, the huge pressures at play will be a big factor here. But it’s still a guess and a good one at that.


Cheers