AVZ avz minerals limited

Is it too late to buy AVZ?, page-5

  1. 3,294 Posts.
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    This is my conundrum. As I'm confident of strong sp growth in coming months, I'm lessening the other impact of buys I've had since September and placing them into esuper. A free account I found which waives all fees I think to 1/2019. That needs to be under $300k.

    Do I sell some pls which is eligible for the 50% cgt reduction and put into avz which obviously may not make it 12 months.
    Sell 500,000 pls @1.10 =550,000. Buy avz @.24 = 2,291,666 shares.
    Pls hits $2 by June and avz 90 cents. Both obviously possible
    Avz sale $2,062,500 less cost $554,000 ($4,000 est ComSec broker fee) taxable income $1,508,500
    Pls sale of at $2 gives a $446,000 extra $223,000 taxable cgt event causing tax on just $223,000.
    Pls tax rate based on top MTR is 23.5% x $446,000 $104,810 tax leaving $341,190 (less $8,000 broker fee.)
    AVZ is 47%. $2,062,500 =$708,995 tax leaving $799,505 to bank. (Less a $16,000 broker fee)
    MCL included. Broker fees were guessed and possibly overstated

    Both heading well. Pls has more certainty but holds risks into production and achieving name plate and also numerous other plans in progress.
    Avz holds very high certainty however a TO or going to mine are exciting risks that will provide much volatility. Political risks are not non existent but I don't hold concern to influence judgement on which strategy.

    Qualifying notes. Done on couch with calculator in same hand as whiskey glass. So many other points and factors, but if you read these threads then we are on the same page.
    Pls could just hit $1.50. Avz could attain just 50 c, but that could be $1.50 also.
    Don't confuse the earlier move into super with the later as they are unrelated actions to each other. The later is what I'm tossing up. Pls has been my biggest holding but I've made more $ profit on avz in 20% of the time frame.
    Any constructive criticism welcome or words of wisdom please
 
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