OTCPK:MGMXD - Post by User
Post by
R_J_on Oct 30, 2017 9:17pm
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Post# 26879499
On listening to the web-cast.
On listening to the web-cast.It seems that nothing really happens until after the first of the year.
Until then, Alterra will trade as usual.
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A C$132 million has been set aside for those who want cash.
If you do nothing, you get shares.
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In my experiences, the cash option disappears too fast for normal shareholders to take advantage.
So you will likely end up an Innergex shareholder.
Then you can cash out at your leisure.
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Before the web-cast, I was looking for a strategy to postpone taxes on gains until 2018.
Prayers answered.
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Ross Beaty is happy, he says Alterra’s Achilles heal was the premium interest rate we had to pay.
Financing projects as Innergex [Alterra II?], at a lower rate, will put the projects into ‘overdrive’.
I wonder who will be the new Alterra person on Innergex’s Board of Directors.
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Off Topic.
Ross Beaty just started a new gold mining company this week, Equinox [V.EQX].
It is the amalgamation of three junior gold corporation. It will not trade until late December.
I am a current shareholder of one of the components, Treck Mining [V.TREK].
[A few month ago, Lowell Copper, then JDL - it has been changing its name every other month.]
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Ross Beaty has not retired.
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RJ