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clock Created with Sketch. 28/02/19
11:49
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Originally posted by Wal76
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Just put my order in for $5k worth thinking that I would sell $5k of existing AJM stock, claim the loss and have the same net position. I worked onsite through the construction phase and bought in when I first arrived on site at $0.135 (subsequently bought more over the next 18 months and am holding a substantial paper loss). I find it hard to believe that Altura are now in production and appear to have made substantial progress ironing out initial problems which are very common place in the commissioning phase, and are the equivalent $ of when I first arrived on site with only a flat pad.
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becareful your tax accountant may flag you for "washing your shares" i dont understand why its frowned upon because you eventually pay your taxes when you sell all...but just defer the time you pay taxes. Dont know what they will do , maybe not accept it as a loss and ignore the loss.
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