AVZ Discussion 2022

[kulturica]

Do we need to be listed to get CGT discount?

Hmm not sure. If we sell the project or shares in GLH probably we won't get the CGT discount. But if we are bought as a private company I really hope we still get the CGT discount. I was just thinking after getting the mining licence and some offers on the table that waiting to get relisted on ASX would give us more attention and hype

 

[kulturica]

Hmm not sure. If we sell the project or shares in GLH probably we won't get the CGT discount. But if we are bought as a private company I really hope we still get the CGT discount. I was just thinking after getting the mining licence and some offers on the table that waiting to get relisted on ASX would give us more attention and hype

Thanks Carlos for clarification

 

[Bonsoir]

A capital gain event for tax purposes is when an asset is disposed of

So we need to be listed for that to occur for shareholders

If we get bought out before relisting the only way profits can be disbursed to shareholders is via a special dividend

A special dividend is not a disposal of an asset for shareholders therefore no cgt discount

Could potentially come with some franking credits tho

Best check with an accountant, if we are bought out before we relist we still have a purchase date and a sale date so my view is no difference to any other investment that has GST discount implications.

 

[Thaz]

Best check with an accountant, if we are bought out before we relist we still have a purchase date and a sale date so my view is no difference to any other investment that has GST discount implications.

*CGT Implications

Being listed vs non-listed has no implications as to whether or not the shares are eligible for the General CGT Discount. It is affected by the entity you hold shares (Individual vs Company vs Trust vs SMSF), and how long you hold the shares (at least 12 months).

If the assets are sold - the funds can be returned by way of either a return of capital and a dividend.

RE: Price to be sold, i'd say $22 to account for inflation.

 

[Frank]

I just think the CATH deal suggests we're going mining, especially with full offtake agreements signed and option to buy 49% of LiOH plant. But could be wrong. But I'm keen to go mining, get a few more exploration permits under the belt and turn into a megalith African based mining company from Australia and retire young. Probably just dreaming

 

[tolate]

View attachment 75993

View attachment 75994

View attachment 75992

Yes you might be RIGHT..!
But WHEN and by WHOM...!!????????

 

[Roon]

Yes you might be RIGHT..!
But WHEN and by WHOM...!!????????

How are you still here

 

[TheCount]

 

[tolate]

I think NIGEL covered it with this comment in the last COMPANY ANN ...!!!!!!!!
Cath will only walk together with AVZ ........ so FAR...imo..??????

AVZ and CATH have entered a relationship deed under which, among other
things, CATH undertakes ''''''to reasonably support AVZ''''''''
"""""""""under certain circumstances;""""""""""""

 

[Remark]

For a few minutes at least.

 

[PhatCatz]

Why do my comments keep getting reported and removed. According to the mod my post was inciting illegal activities. No idea how saying stuck to the courts and don’t sell one bit more of this company is considered illegal. Joke.

The dredbot is awful.

 

[PhatCatz]

I for one will never sell any of my shares if and when this goes mining. Generational wealth is on the cusp for those who have diamond hands.

I feel much more positive given the great assistance provided on this forum albeit with some misjudged low shots coming my way. We are all holders of this shit show. Let’s help each other out and not put others down.

 

[Doc]

Where’s that document that Jag used to post about the types of trolls? You know the one where there’s a type that will agree with everyone to garner trust then slowly infect the threads with negativity….

 

[BRICK]

Where’s that document that Jag used to post about the types of trolls? You know the one where there’s a type that will agree with everyone to garner trust then slowly infect the threads with negativity….

More to the point, where are jags girls of AVZ!

 

[Azzler]

Where’s that document that Jag used to post about the types of trolls? You know the one where there’s a type that will agree with everyone to garner trust then slowly infect the threads with negativity….

Yeah he's trying all the usual tricks, lol.

 

[ptlas]

$12....$12...$12!!

US$

 

[TheCount]

Strike 2:-

Amazing how my comment is moderated and a psycho like the toilet is left unchecked.

SO GLAD I chose to not renew membership.

 

[tolate]

I for one will never sell any of my shares if and when this goes mining. Generational wealth is on the cusp for those who have diamond hands.

I feel much more positive given the great assistance provided on this forum albeit with some misjudged low shots coming my way. We are all holders of this shit show. Let’s help each other out and not put others down.

Look its like being in a storm ,we will need to hang in there and hope it goes pass, or CATH can come up with a M L...imo

I wouldn’t be surprised if Nigel tries to convince us in the next few weeks that continuing the ICSID process is "not in shareholders' best interest."

Wording such as "Locke has solidified the validity of our legal claims, and CATH fully supports the pursuit of these claims until the mining license is reinstated", would make it very clear, but no, not a word on litigation.

Anyway we'll find out soon enough, let's hope Nigel gets it right..!