Post by
miningfundi on Dec 06, 2023 12:49pm
What's going on - heavy selling?
What's going on with the recent heavy selling at ever-lower prices? With positive news releases imminent, surely the price is bound to jump. In that context, it can only be that the news releases are going to be a bust. It cannot be tax loss selliers hoping to buy in before positive releases because they will run foul of the CRA's 30-day "superficial loss" rule?
Comment by
temeraire on Dec 06, 2023 5:23pm
Couldn't agree more with you. You were the first to mention that the updated reserves were delayed and pushed to next year. Maybe that has encouraged selling - especially if it is > than 30 days away. Have you any sense for the timing from NEM?
Comment by
temeraire on Dec 08, 2023 3:25pm
Patience I have - but not for more 12% borrowing! That is malfeasance at a point.....
Comment by
miningfundi on Dec 11, 2023 1:44pm
With Red Chris probably generating an IRR of 20%+, debt at 12% is better than share dilution at current prices. However, I agree that ME is laying it on a bit thick at 12% for a short-term, low risk loan.
Comment by
Luxor69 on Dec 11, 2023 8:41pm
Interest income is taxed at 45% rate. Considering Mr Edwards investement quadrupled twice in less than 2 years, which would you rather do your investment dollars. Edwards for Prime Minister! Cheers
Comment by
Luxor69 on Jan 04, 2024 11:09am
Was an iceberg down. Today the opposite. Trading way below NAV. Wait for it. Cheers
Comment by
miningfundi on Jan 04, 2024 12:19pm
Foolish to tax-loss sell when you cannot buy back for 30 days, especially when some excellent news is on its way very soon. Ditto for shorting - enjoy the squeeze!