Ann: Staggering Kingia Gas Discovery, page-516

Hey mate,
Go onto hotcopper topic page and you will see a thread titled “Tax and taxation”... very informative.
The tax component on something like this can be quite a shock if your not prepared.
A year is a long time to benefit fully but you can always take out what you started with at some point to chuck into something else and keep going.
Personally I am finding it hard to consider selling anything at this stage.
Oh, one last thing, a takeover like AWE would force your hand and you would technically have to sell... prior to a year and the entire amount is taxed at your marginal rate (added to your existing income)... that would not be beneficial as I’ve done the sums on my holdings in WGO and STX, the tax man will be stoked to take away a large slice of my 100% risk taking. I think we seem to overlook this bit.
IMO