1MC 6.90% 3.1¢ morella corporation limited

Ann: Mallina Lithium Project Update, page-10

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  1. 2,741 Posts.
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    This is what I am doing..... Make sure you either research thoroughly or talk to your accountant.

    What works for me could be detrimental to your financial tax affairs.

    I will read the CR documents than might or might not buy in a with fresh funds at the time or buy on market at a later stage but I will crystalise my losses.

    I have 50,000 that cost about $10,000 (luckily AJM was my smallest lithium holdings), so if AJM starts trading at $0.005 than I can sell all and aquire $9750 of tax losses

    Even if I buy back in a month later (to not cross any tax minimisation rules) for $1,000 at 1c it is 10,000 shares and wait out a few years.....

    In two years if AJM gets lucky and shares are worth 10c I will have $9750 tax losses + $10,000 of equity.

    If I hold for two year I have is $10,000 of shares equity.



    Last edited by ipv6ready: 28/10/21
 
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