Hi Dr B.rugger
I follow your post with great interest - your comments challenge conventional thinking and that's a good thing in this game.
First STX does not pay Franking Credits.Franking Credits is a poster on HC which is a voluntary position ie unpaid. There is a Franking Credits on the rig but he would be paid by the rig operator..
STX does not pay dividends and won't for many years, if ever. No interest either, i'm sorry. However you are on the money (no pun intended) with capital gains. There's a couple of ways to look at capital gains. First is where you make a profit - that is , buy your shares say for 9 cents and sell them for $1.50 . In that case you would make a profit . Unfortunately in such circumstance the ATO will take a lot of the profit off you. A different strategy is to sell at a loss. Buy at 9 cents, sell at 6 cents. This will prevent the ATO getting your money. IMO, but do your own research, the opportunity to implement this strategy may have passed,
Being a Dr, posters might like to direct their medical concerns to you. STX apparently has a lot of long termers (initially I thought it was a term only used in correctional facilities) but I suspect many of the LT's would appreciate advice in regard to circumstances other than STX (which appears to be taking care of itself) eg hips, knees, hearing, memory, prostate etc. just a thought.
thanks for you input and keep up the good work
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