Azzler
Top 20
Ideal.
No 30% DRC Tax
+ CGT Discount.
Management will make their decision based on what benefits shareholders most.
AVZ Discussion 2022
- Thread starter GazDix
- Start date
No 30% DRC Tax
+ CGT Discount.
Management will make their decision based on what benefits shareholders most.
Azzler
Top 20
It's also possible for Management to sell their(our) stake, make the announcement, then relist for a time before the sale goes through.
The shareprice will hover around the payout price - DRC Tax, but allow holders to sell and get the CGT Discount.
Having said that, if I'm reading the room right, then it looks like (to my utter astonishment) that we're actually going mining!
The shareprice will hover around the payout price - DRC Tax, but allow holders to sell and get the CGT Discount.
Having said that, if I'm reading the room right, then it looks like (to my utter astonishment) that we're actually going mining!
Just hypothesising, passing the time.
Winenut
Go AVZ!
I agree Cruiser
It's way premature to be talking about tax implications
We dont even know exactly how any restuctured TIA will play out
Then we still have legals in the mix....ICC, ICSID
There's a long way to go before we know what the whole DRC, AVZ, AVZI, GLH, CATH, Zijin, Cominiere (CNTS) landscape looks like in relation to ownership and potential development of Manono
It's way premature to be talking about tax implications
We dont even know exactly how any restuctured TIA will play out
Then we still have legals in the mix....ICC, ICSID
There's a long way to go before we know what the whole DRC, AVZ, AVZI, GLH, CATH, Zijin, Cominiere (CNTS) landscape looks like in relation to ownership and potential development of Manono
Carlos Danger
Top 20
Winenut
Go AVZ!
I intend to buddy
But there are many permutations so it's all a bit of guesswork
I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)
Dathomir's 15%???? (although I reckon Congs fucked)
What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)
Cominiere.....well they're still a completely loose cannon
What happens to Zijin?
What tenement do we actually end up with?
At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now
Too much fun......for accountants
A CEO,, a MD and an accountant were sitting in an office with a hi net worth investor, the hi net worth investor asked 1 simple question to determin who he would invest with. the CEO he asked wat is one plus one, thats easy its 2. The MD was asked what dose 2 plus 2 equal, 4 said the MD. the accountant was asked what is 3 plus 3. the acountant stodd up pushed his chair back, walked over locked the office door shut the open window closed the blinds, turned off the office light, walked back to the hi net worth investor sat down beside him leaned in real close and wispered in his ear" what do u want it to equalI intend to buddy
But there are many permutations so it's all a bit of guesswork
I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)
Dathomir's 15%???? (although I reckon Congs fucked)
What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)
Cominiere.....well they're still a completely loose cannon
What happens to Zijin?
What tenement do we actually end up with?
At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now
Too much fun......for accountants
Carlos Danger
Top 20
There is zero reasonable conjecture on Dathomir's 15%I intend to buddy
But there are many permutations so it's all a bit of guesswork
I could come up with a myriad of outcomes (and I don't want to confuse the issue more by putting up multiple scenarios necessarily)
Dathomir's 15%???? (although I reckon Congs fucked)
What does the DRC want to hold in any final negoatiated outcome? (at the moment it should be a ceded 10% but who the fk knows)
Cominiere.....well they're still a completely loose cannon
What happens to Zijin?
What tenement do we actually end up with?
At the moment the flow simply shows the outcome based on accepting 75% good title (of which there is ongoing conjecture) Cominiere in it's original position at 25% before it went all fucking rogue and the ownership effects of the revised TIA recently announced regarding CATH and GLH replacing the original 24% TIA for CATH that was kicked down the road until now
Too much fun......for accountants
Or the minimum 10% that needs to go to the DRC government
The rest is up in the air imo
Sorry guys I need some advice for a friend , his elderly mother in law passed before xmas and going over the paperwork he found she had a few shareholdings to which he sorted out , but she mentioned to him many time she held shares in coles and wesfarmers but can't find any holdings how can he find out about this as he cant find any statements .
Regards
Regards
Winenut
Go AVZ!
I tend to agree with you on Cong (as I stated) and the 10% to the DRC (which should be ceded by Cominiere CNTS)
Will have to wait for more confirmation and details and announcements on the other moving parts
The whole thing is certainly a better prospect now than 2 weeks ago that's for sure
Winenut
Go AVZ!
Try and track down the broker that the elderly lady would have used
No-one of that era did anything in shares without a broker
I'll post some more tips
Absolutely been through it
Winenut
Go AVZ!
Might be worth checking what registry(s) handles matters for Coles and Wesfarmers
If you have the grant of probate etc you may be able to ask some questions of the registry
Im definitely not an accountant, but either way not sure why anyone is worrying, its a divedend and company continues and youll eventually be able to sell for a massive loss to offset the dividend, or the entire company is sold and you get your 50% off CGT, idk but this is the least of my worries
Winenut
Go AVZ!
You may be able to trackdown the broker if any documentation contains a PID
This is a link for the more common PID's of Australian Brokers and Authorised enitites
https://intercom.help/sharesies-au/en/articles/9006612-participant-identification-number-pid
Identifying the broker may be important because potentially there may be other shareholdings that maybe weren't mentioned but do exist
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DiscoDanNZ
Regular
Actual footage of us all checking the open if that happens:
The reality is that there will be a shit tonne of uninformed or desperate holders that were trapped by this and will run for the door at 10am should that day come.
Winenut
Go AVZ!
Check banks accounts if they are available
If shares were held in Wesfarmers and Coles you can interrogate the dividends paid which will appear in the bank account
Very easy to check dividend payment dates online for the companies in question
Receipt of dividends identified in a bank statement would be clear evidence that a shareholding exists
Here's the recent dividend payment dates highlighted for Coles and Wesfarmers
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Thanks mate I will send him the info when this is over we will catch up for a drink or 10
Carlos Danger
Top 20
ATO / her accountant is another idea
They might have a record of a recent tax return listing at least some of the holdings if she was claiming franking credit refunds on them
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