The Andrew Skinner Blog – News, Tips & Useful Information

Toll Road Submission

Increasing Sydney is getting more and more crowded and congested. The Greater Sydney Commission estimates that at least 1.74m more people will live in Sydney by 2036. Is this a sustainable objective?
…Future pricing is unknown. There is no certainty in the pricing of the commodity.
This is our investment risk and is reflected in the “price” we are willing to pay for an asset. A greater pricing volatility the greater the return on equity and the higher discount rate applied.

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Hansard report on home affordability

Mr Andrew Skinner remarked that this mechanism is no longer equitable and should be phased out: My suggestion is that it is no longer equitable, and it is no longer consistent with the philosophy of taxing capital gains, to allow a 50 per cent discount after 12 months and a day. So after 12 months and a day you can sell a property, and that is effectively giving you 25 per cent more if you are on the top marginal rate.

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Dome Gold Mines Float

Dome Gold Mines brings Fijian flavour to the ASX
Dome Gold Mines (ASX: DME) has a quite unique focus and is targeting gold, copper and magnetite iron projects in Fiji, with the company looking to list shortly on the ASX after offering an IPO of 35 million shares at $0.20 to raise up to $7 million.

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Zamia announces acquisition of coking coal business

Zamia Metals Limited (ASX: ZGM) (Zamia or the Company) is pleased to announce that it has entered into a binding share sale and purchase agreement (subject to conditions) in respect of all of the issued capital in Kirkham International Pte Limited (Kirkham), that owns, via subsidiaries, a mining permit for a coal mine on the island of Central Kalimantan, Indonesia.

The Company has also raised $250,000 in a debt facility which will be converted into ordinary shares (subject to various conditions) that will provide working capital to be used primarily to meet costs related to the transaction with Kirkham.

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