RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:four asked to re bid kenmar, I think your comments are correct. ANX could spread out the tax credits. AGB could make a profit by pricing the credits at 50% of value and exercising them all at once.
I prefer general scenarios to specific scenarios.
I doubt I can get closer than ballpark numbers.
And it is impossible to guess the bidders intent amongst multiple bidders.
That said, I calculated a profit on the tax credits for the buyer, say AGB, in the following post.
I used $11.8M instead of $10M so that the end number was Sprott's cost average of 15c.
I use $10M otherwise.
https://stockhouse.com/companies/bullboard?symbol=v.rcg.h&postid=29691916
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June 2018 AR pg 29
Some tax credits have expiry dates some don't.
Non-capital losses available for future periods
$13,075,000
expiry date range 2026 to 2038
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The tax credits seem to be nicely paired with Dufferin.
Dufferin has $30M of taxes over 10 years, say 2029.
The PEA sketches out $8.5M of taxes in the first three years of production.