CQT 0.00% 51.5¢ conquest mining limited

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  1. 24,765 Posts.
    Agree. Has broken the downtrend from the late May high.

    I think Nobby might regret his decision to significantly lighten his holding to purchase something else. (I believe he'd held CQT for over 12 months. Means CQT rises are treated differently for tax purposes than the rises in his new purchase! Plus a tax liability has been incurred where there wasn't one still holding CQT.)

    If one is not a registered trader a lot of thought needs to be taken about selling/buying as taxation consequences for each share holding/sale is not on a level playing field.

    Put simply, you can hold a share for 11 months and yet make more after tax profit when it falls in value and you sell after 12 months.
 
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