Sirius Petroleum Share Discussion Threads

[thundercat1] 27/11/2015 15:03

granny didn't get it spot on when she invested in OEX LMFAO HOHOHOHOHOHOHo.

[solarno lopez] 27/11/2015 14:41

To date granny has got this spot on !

[carc] 27/11/2015 14:28

I think someone's doom & gloom generator has gone out of calibration. Perhaps due to over use. Fully expect it to be fixed and back up and running soon.

[rugbybloke] 27/11/2015 14:18

Find it hard to believe investors here are unaware of ISA rules and benefits.

[htrocka2] 27/11/2015 13:41

The current max ISA Allowance is £15,240...£11k buy, obviously some one who never used up all his allowance last April.(hardly sounds like a 'big boy')


thunder....you've got this far....don't crack up now.

[thundercat1] 27/11/2015 13:28

Good post Doc more common sense than Off his Rocka, I stuck mine in an isa last year I think,the thing is still need to make enough profit for it to have been worthwhile right now 5p is back to the starting grid for most.Have to be brave to average down buy more after this years debacle.

[carrbradshaw] 27/11/2015 12:58

Yes that sounds brilliant Doc if this ever gets to 5p - it's taking its bleedin time!!

[dr rosso] 27/11/2015 12:53

"Yet you can make £11,100 a year of profits"

Dear oh dear.


The current ISA max allowance for the tax year commencing April 2015
is £15,240.

Invest up to that amount within an ISA tax-shelter. All gains will be exempt from cgt and can be withdrawn without penalty at any time.

If £15k transforms into £150k, you pocket the lot. Simps.
Becomes especially lucrative the lower the entry share price is, as you pick up a greater amount of shares for your 15 grand outlay.




Scenario A...
Buy 3m SRSP shares at 0.5p = £15k spent
Sell 3m SRSP shares at 5p = £150k
Gain of £135k
Higher rate cgt taxpayer will lose 28% of that.
Total net gain is about £95k

Scenario B ....
Buy 3m SRSP shares @ 0.5p within ISA tax wrapper = £15k
Sell at 5p = £150k
Net tax-free gain is £135k


Worth 40 grand a throw, so worth doing. Especially worth doing if you can open 4 family member ISAs in each of 4 tax years.
Walk away with £640k (adjust for lower initial maximums in previous 3 years)

Got a SIPP? Repeat.
Got an offshore account? Repeat, no initial ceilings on this type of ac. Any shnw client who has managed to stuff away, say 100m in BVI. At 0.5p, Mr Highnetworth spent a million quid. At 5p, trousers 5 mill notes. Naughty, but nice.

Should be very clear from this that there are certain massive advantages for a select few if the share price can be massaged down as low as poss. Negative sentiment needs to be manufactured in order that outsiders fear to touch the stock with a bargepole. Not difficult to do, just STFU or make yourself appear to be an incompetent buffoon.

Welcome to Sirius Petroleum. Its crew of financiers is more about share shuffling than pulling O&G out of the ground, until they eventually step aside for the new BoD oil men. When, not if.

[htrocka2] 27/11/2015 12:30

I'll go with qprallan......B4GC never made his case.

[witchywoo] 27/11/2015 12:17

are you mad ? ISA is a tax free wrapper full stop

[qprallan] 27/11/2015 12:17

htrocka2 - I haven't seen any reference to 2 years. This is an excerpt from Martin Lewis page:

Are you eligible for capital gains tax? Stocks & shares ISAs exempt you from capital gains tax (a tax on profits which you only pay when you sell your investments). Yet you can make £11,100 a year of profits before being hit by this tax, so this protection only helps those who are selling sizeable assets within one tax year – otherwise it's irrelevant.

[b4agc] 27/11/2015 12:16

htrocka2

"Please correct me if I'm wrong but.....is it not true that shares to be eligible for CGT exemption are required to be in the ISA for at least two years to qualify?....what happens if the company is sold next year?...is the £11k buyer expecting this to go beyond the two years?...or has he just thrown £300 away."

Consider yourself corrected, you're wrong.

[htrocka2] 27/11/2015 12:01

'Looks like someone paid £300 to make an £11k ISA switch at low level. Nice 3.5m looks to have been moved over. The lower the share price the more shares for cgt-free'


Please correct me if I'm wrong but.....is it not true that shares to be eligible for CGT exemption are required to be in the ISA for at least two years to qualify?....what happens if the company is sold next year?...is the £11k buyer expecting this to go beyond the two years?...or has he just thrown £300 away.

[dr rosso] 27/11/2015 11:07

Looks like someone paid £300 to make an £11k ISA switch at low level. Nice 3.5m looks to have been moved over. The lower the share price the more shares for cgt-free.

I wonder if something else was put through when the spread was taken down to 25-35? Let's see if a big trade at 30 appears later. It will of course appear as a sell if the spread goes back to 30-35.

MMs Cantor and West are very much itk on this stock, and will be pulling out all the stops. Every trick in the book being used. As far as I'm aware things are being progressed as expected in relation to a forthcoming major event which involves much more than the Ororo marginal field and the O2A well. Insiders are well and truly stocked up in anticipation. Calvet's remaining £500k available means another 100m can be grabbed at 1p. Another 2m have been set aside for the new Ds.

[shez20] 27/11/2015 10:38

Totally agree solarno!

[primroselil] 27/11/2015 10:16

'epi dokita' translates 'call an ambulance'!! Going to need one if this doesn't turn around soon.

[thundercat1] 27/11/2015 10:11

Exactly solarno just because ppl on here elude to being in the know yet getting it wrong time and time again doesn't mean we should relax I'm livid.There probably is an explanation then again this could all be about to go kaput as the lack of news and share price suggests it's a bloody farce.

[thundercat1] 27/11/2015 10:05

I'm angry yes, but I do believe still although not happy that the share shuffling has been done for ppl In the know to benefit, we hopefully should get some benefit but the fact they strung us along at 3/4p promising funding oil etc when that was clearly not going to happen and to manipulate the price to a quarter of a penny has benefitted mainly a select few the long term loyal holders have been shafted plain and simple, hope in 2016 this company's gone and we see our cash back ideally with some profit.

[solarno lopez] 27/11/2015 10:03

Why should investors relax when their hard earned wealth is being eroded and has been for a number of years ....there is no clear explanation as to why the price is falling and the directors give no true indication as to what they are doing

[1alfi] 27/11/2015 09:56

Another box of antacids emptied. Blue finish today :-)