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0.00% 0.1¢ red mountain mining limited

I dont understand how you pay CGT when you make no money. If you...

  1. ddd84
    83 Posts.
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    04/02/14
    08:54
    Post #: 12889471
    I dont understand how you pay CGT when you make no money. If you buy RMXO for 1c than convert them at 1.5c You have made no money on RMXO you have lost the cost.

    Than wouldn't the cost of RMXO be a deduction against the gains you hopefully make on RMX, as you only paid 1.5 for RMX.

    It would just mean you would have to keep RMX for a year before you sell it to get the CGT deduction.

    or am I completely wrong?
    RMX Price at posting: 2.3¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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