Ariana Resources Share Discussion Threads

[bigglesbingham] 29/12/2019 15:19

Think they are pretty certain the MOU is going ahead and that's the $30m

[carcosa] 29/12/2019 05:37

So where has the current $40m in cash suddenly appeared from (prior to the MoU)??.. "...which he hopes to grow another tenfold" ;-)

Given who authored the article it's more of a fluff piece than anything else. Still.. helps to promote the company.

[erro] 28/12/2019 20:39

Great article but it has actually taken £19m of shareholders funds as well for a market cap of £26m over 14 years so let’s hope the best is yet to come as so far it’s less than a 2% annual return.

[paul280i] 28/12/2019 19:27

Sorry you will need to google it

[paul280i] 28/12/2019 19:27

How Ariana Resources turned a £3 idea into £30mln

[...]

[paul280i] 28/12/2019 19:25

Interesting article from Proactive
[...]

[bigglesbingham] 27/12/2019 18:58

Think of pension as made up of segments. You can draw off anything you want in the form of 25% tax free cash and 75% income. So say 100k in uncrystallised pension , you can crystallise say 8k of which 2k tax free and 6k income. This leaves 92k uncrystallised. Max tax free cash 25% of uncrystallised pension. So if no income in year could take £12500 income from pension and 4167 tax free cash. If no other income all is tax free because personal allowance £12500. So potentially no tax payable on pension and tax relief received on contribution so better than isa in this case. Again depends on circumstances , still reckon great year ahead for AAU to get back on track ha ha

[plasybryn] 27/12/2019 17:05

Going back to your wheeze to avoid the emergency tax code, I thought you only got one opportunity, if you wanted to draw your full 25% entitlement out in tax free cash. Yes I know you can do it on a phased basis, but that would surely preclude you from going for the full up front 25% of the total SIPP value. Some might prefer the phased approach, but I think most want access to their full 25% of the total. Would be delighted to know if I'm wrong here.

[plasybryn] 27/12/2019 16:58

Not heard of that wheeze Biggles. Sounds good. Thanks for that tip off. Your post 18759 is correct, as we know, but ISA's have the benefit of no tax on withdrawals, whereas with a SIPP you would have to pay tax. So one gets the benefit up front going in and the other gets it coming out. It is not as simple or as attractive as you suggest imo.

[bigglesbingham] 27/12/2019 16:50

The tax issue can be overcome by drawing down a pound , 75p income 25p tax free. The HMRC then send correct tax code to provider and then tax is correct. This avoids applying for overpaid tax.

[bigglesbingham] 27/12/2019 16:48

You put £55 in a sipp if you are a 45% tax payer then £100 invested. Put £55 in isa no tax relief. Both have no tax on dividends. I know which I'd have

[kaos3] 27/12/2019 16:47

no trades at 2.5p - no shares around

[plasybryn] 27/12/2019 16:43

Surely the 45% tax payer benefit is the same for ISA holders, as the dividends they receive on their ISA stocks holdings, and then perhaps have paid into their bank account each month, is tax free. For some this may help them maintain the standard rate. And as said once retired the benefit of the Govt top up on contributions into a SIPP from earned income, will no longer apply, with the limit restricted to £2880 per annum. The IHT argument is the same due to treatment of AIM stocks, so long as held for 2 years, and ISA's of course give you the flexibility to draw any amount of cash out at anytime, whereas with a SIPP you can't touch it till you elect to officially put it into draw down. During the first year you then go onto an emergency tax code being over charged which you have to claim back later. ISA's are outside the Inland Revenue jurisdiction completely. They don't want to know about them or what you choose to do with your investments. But perhaps there is something else you still think makes a SIPP preferable. I have both but wish I had had placed more onus on the ISA than the SIPP.

[bigglesbingham] 27/12/2019 16:32

If you were a 45% tax payer then sipps way outweigh isas cos of tax relief and flexibility now afforded to access pensions.

[plasybryn] 27/12/2019 16:26

As I said Biggles - It all depends on personal preferences and situations of course. Lots of important issues to consider.
But if you sold to cash, it wouldn't be exempt if you withdrew that cash out of the SIPP, unless you are a non tax payer of course, which is unlikely here. It would in an ISA. But horses for courses. I just personally wish I had seen the attraction of ISA's over SIPPs quite a few years ago.

[bigglesbingham] 27/12/2019 16:20

Yes but assume you'd sell within isa before you die. If you sold within pension to cash then still exempt. I'm a financial adviser so be careful and take individual advice based on very individual circumstances.

[kaos3] 27/12/2019 15:47

at 2.45 buy limit I am not getting filled

:(

maybe end of the day I will get some. I am off shore based so do not ask me where exactly my order finished - which broker, ...
PS not even 2.5 p try

[charles clore] 27/12/2019 15:29

Plas - makes absolute sense to me now, thank you for explaining it so well.

[plasybryn] 27/12/2019 15:15

In many ways ISA's are better than SIPP's in retirement in my opinion, as the dividend income earnt inside the ISA wrapper is tax free. There is no limit to how much can be paid out each month/year as it has no impact on taxed earnings. Obviously you are reducing the value of the ISA, so care is needed if this is an important source of long term retirement income. Furthermore, shares like Ariana, that hopefully will become yielders, are exempt from inheritance tax under current Business Relief rules, although I guess there isn't any guarantee that nothing on that front will change in the future. But then so could the treatment of SIPPs. Once retired with no formal income, you can only add £2880 per annum to your SIPP and there is the overall pension cap to be aware of for those with generous final salary schemes.
So now Ariana is potentially becoming a yielder, someone wanting to draw down their SIPP might decide to use their 25% tax free allowance to switch their AAU shares from the SIPP into their ISA. I hope that all makes sense. It all depends on personal preferences and situations of course. Lots of important issues to consider.

[paul280i] 27/12/2019 15:13

Biggles, doesn't Ariana qualify for zero Inheritance tax as it's an AIM share?

[bigglesbingham] 27/12/2019 15:05

The spread shown on ADVFN is most expensive buy and lowest sell price out of all market makers . Think best by is 2.43 and best sell 2.31 based on figures today.

[bigglesbingham] 27/12/2019 15:03

Why take it from tax free cash element of pension? No real point. Also taking from pension into isa bring money into estate for inheritance tax purposes .

[kaos3] 27/12/2019 14:47

huge spread - prohibits trading
2.3 - 2.6

[plasybryn] 27/12/2019 12:29

Or nothing if taking their 25% tax free at draw down.

[bigglesbingham] 27/12/2019 12:20

Drawing from sipp would incur tax on 75% of the money drawdown or 100% if they've already taken tax free cash.