AFF Member Stock Discussion

Brissy1 said:
There's a Tax Treaty between AU and US anyway, it's a simple item on your tax return (personal, haven't dealt with it in super).
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Yes, but you have to avail yourself of it from the US side. If the dividends come from there, then their IRS will apply with-holding tax unless you give them their form showing that you fall into one of the exemption categories. Then you tell the ATO that you are claiming the tax treaty on our side.

I've just had my form rejected for reasons I can't understand. Going to need a call tomorrow.

I lived in Canada for a few years and earned some income in the US. My God, you want to avoid that if you can. Took me about 2-3 years to extricate myself.
 
Looking at Rubicon as a recovery stock. Good technology but poorly managed so far. They are doing placements at the moment to keep running.
 
Well @RooFlyer getting US dollar dividends has been painful.
I loved it when our two social security cards in 1984 said “Not valid for employment”.That saved us…..
 
We are being bought out of Trident Royalties TRR by a Perth based royalties trust named Deterra which is DRR. We went to the acquisition meeting in London and we got the distinct impression that the Trident board was not expecting anyone from Australia to attend. It was a good meeting that ran smoothly. Mrscove was impressed when we hand wrote a company shareholder representative appointment to allow us to vote.
 
The Reserve Bank Governor may have trashed the next weeks share market by saying no cut anticipated in interest rates this year.
Chinese steel mills are having issues with profitability and iron ore has dropped 8% so far this week.
Gold tonight in the US has gone for a good run to be well over $2500 USD.
 
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cove said:
The Reserve Bank Governor may have trashed the next weeks share market by saying no cut anticipated in interest rates this year.
Chinese steel mills are having issues with profitability and iron ore has dropped 8% so far this week.
Gold tonight in the US has gone for a good run to be well over $2500 USD.
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Interestingly the governor speech came out during the day on Friday and had no impact to the share market. This did surprise me.
Looks like the market just want to keep going up.. irrationally
 
Despite the orange glow of confidence on this thread, I remain bearishly cautious and todays mollifying Kohler report does nothing to change it
The survival sensors in my cerebellum are twitching, maybe nothing is in the wind but maybe…..
Selling the messy Alcoa shares yesterday, swmbo asked the broker about cba, $40 overvalued was the succinct reply…..
 
drron said:
And $A3770 for gold. Aussie producers should be doing very well.
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Talking with my broker the other day he mentioned you'd expect to see Australian gold miners doing well on back of gold price. He says this is not the case because they are all experiencing higher operating costs.
 
prozac said:
Talking with my broker the other day he mentioned you'd expect to see Australian gold miners doing well on back of gold price. He says this is not the case because they are all experiencing higher operating costs.
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But virtually all producers costs are below the gold price.

Just look at numbers 4,13 and 18 on the list of costs of mining. Since then Silver lake and Red5 have merged during June.and between them in the March quarter produced 115 000 ozs of gold.. The Red5 cost of mining went up from $1926 to $2216 but the average gold price for the June quarter was a little above $3500 from ~ $3150 in the March quarter. The Company paid off its debt in the March quarter and has ~ $520 million in cash,bullion and liquid investments at the end of the June quarter yet the share price has fallen nearly 30 % since mid May.
 
tgh said:
Despite the orange glow of confidence on this thread, I remain bearishly cautious and todays mollifying Kohler report does nothing to change it
The survival sensors in my cerebellum are twitching, maybe nothing is in the wind but maybe…..
Selling the messy Alcoa shares yesterday, swmbo asked the broker about cba, $40 overvalued was the succinct reply…..
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I think we all weigh up the evidence to hand and make decisions accordingly. Given the economic boffins often produce diametrically opposed analysis - they cant both be right.
Barring that day in October in the 80’s the downward trend usually does not happen in a 24hour period so - and even if I sold the lot as the figures drop - would still be miles ahead. Whenever it tanks I buy ie last week
YMMV
 
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Saw Lovisa had a gross profit on sales of more than 80%. Buy low and sell high…..Then Adairs is at 60% gross profit on sales….
We did ok with reporting season but we always have laggards and failures.
Dumped APM and Calidus and Booktopia went bust.
Failures make us certain that we are not gurus.
Despite that we are happy with the year so far.
 

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