AUZ 6.25% 1.5¢ australian mines limited

Classic Double Top, page-166

  1. pc3
    2,302 Posts.
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    BUT folks you have to take into account your CGT anniversary date and the subsequent tax implications.

    I felt the same for both PLS & AUZ....should have sold bought back in cheaper yesterday etc. but the reality is you MIGHT have been locked out should BB or KB have pulled fresh Annes out of the oven and the money you made less tax on 100% of profit if you have not already held for 12 months might not have made it worthwhile ?

    I feel at this stage I am not talented enough to pick the highs, and have no idea when or how far the retraces will track.

    Amateurish or not at the time of writing this I intend to hold AUZ for around 36 months (may look at a free carry situation perhaps at some stage). And PLS until they complete the 5mtpa expansion and they have fully drilled Francisco.

    One thing you are right on, and I was caught short too, is not having enough cash to shop the specials, only had a small amount to pump in to re-enter on one position, and take a stake in new one. None spare for AUZ
 
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