Oh dear, now I find it all amusing. You called a category of people idiots and I just happen to be one of them which you may or may not have known. Probably not, as I've not before used numbers which would enable any reader to make accurate calculations about my holdings. Not that it really matters to anyone at all, other than the holder.
Why not get the profits as otherwise you'd not make any money? Well, many LTR holders are awaiting the construction of the mine and the production of the lithium from which the rivers of dividends will flow. A couple of years will need to pass for that to occur. The capital becomes the source of the regular money flow. In the meantime, if one needs to, it is easier enough to sell some of the shares if they so wish. Particularly, if the total holding is a substantial one. However, nothing to do with locking in profits for me, anyway, at this stage. As I explained earlier, my passing thought was to sell approx. 1% of my holding to get more cashed up, liquidating the parcels which carry capital losses.
Capital losses are useful as they remain year after year, until the holder elects to write off some cap.gains with those losses, thus reducing or depleting one's tax obligations. My losses won't amount to anything much at all, but they will be useful just as the cash from their sale will make me happy coz I want to splash some cash....
Thanks Taurisk for your support. All I know about LTR "idiots" is that I am in good company. This idiocy has been a remarkably happy achievement.......A few years ago, I was a similar "idiot" and managed to upgrade my property as a consequence. So, there it is. The "Heart Attack Club" and "Doughnut Club" is still alive and well. All of us, "idiots". Wonder if that includes the CEO of LTR, Tim Goyder. Probably.
