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16/05/16
12:57
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Originally posted by ozblue
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Well, I still have a soft spot for this mob and a lot of shares bought at a much higher price, but a potential 35km of zinc/lead/silver is just too much to take advantage of tax loss selling. I looked at the price today and wondered if I should sell to overcome the tax problem, but I just couldn't do it. The what if hit me.
How would I feel if they hit the jackpot after I sold a million or so shares, answer very lousy, so I kept them, and noticed that if they hit paydirt, then there just are not many shares for sale at all.
I bought and kept because they have a really good resource and team, and I'll hold to the bitter end because of that reason.
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OZ,
Talk to your Accountant you don't need to sell for tax write off's I'm pretty sure you just declare the price at EFY and the loss?
Any way this looking good atm.