====Java7:
You stated that one of the reasons for selling might be….
“new investments that look better”
…………………………
One suggestion BUT Only if you could participate in PC Gold’s flow-through private placement (or some other flow-through):
[1] sell your PKL stock
[2] subscribe to the PP
[3] at the end of the hold period (usually 4 months), sell at market the flow-through shares.
……………………….
Rationale:
.
“There are several tax incentives for Canadian investors who buy flow through shares, because the Canadian government is trying to stimulate the mining sector. But like most things governments do, there is a drawback. The tax incentives are quite large, and they add up quickly. If a flow through share costs $1, it really may only cost the Canadian investor about $.41! “
(ref prev post dated 11-17-2009 re.re. retail investor blues)
………
.41 x
.70 =
.29
In this particular case selling anywheres above
.29 would be a profit
& if u are nimble enough, u just might be able to buy back the # of shares u sold (1) Initially…at a price lower than what u originally sold them at.
……………….
Accomplished….
[a] Sircoop recently posted that “ the drill bit needs funding”.
Well…funds are now available to the company for drilling purposes.
[b] you’ve made a profit
[c] & if u wanted to, u could end up with the same # of shares as u originally had.
…………………………
Almost everyone is happy.