MacDonald Mines Exploration Ltd V.BMK

Flow Through Shares?

[shneps]

I see posters on CEO.ca concerned about FT shares hitting the market and further pushing down the shareprice.
Why would you be concerned about 10c FT shares hitting the market when the stock price is 7c.
I suppose if somebody wanted to sell 10c shares for 7c as a tax loss selling premise, so be it, but that would be the most asinine means of investing ever.
I believe a smarter thing would be to buy shares now and sell before the shareprice hits 10.5c. (This being the lowest price you can make a profit of your FT's)
Cheers

[givemeabreak1]

shneps Before you make stupid statements take time to understand how flow through shares work!  

[givemeabreak1]

shneps Little hint!  There is not one price!  FT are based on Province and based on your Taxable Income Bracket!  For a high worth investor in a Quebec property for example break even on a 10 cent flow through is less than 5 cents!

[givemeabreak1]

https://mern.gouv.qc.ca/wp-content/uploads/Seuil_ang.pdf

[shneps]

My apologies for making such a "stupid" statement. I personally have never pertaken in FT shares, so my misunderstanding. Just so I do understand: These FT shares are being utilized in Ontario. Therefore with the 15% Federal deduction and the Ontario 5% deduction this would equate to the 10c FT shares being valued @ 8c. Yes? So would that not indicate 8.5c being a minimum reasonable

[givemeabreak1]

schneps It depends on your tax bracket!  Break even on an Ontario Flow Through buying at .10 for me would be .06345 cents.  The thing to remember is in most cases these flow through shares come with warrants.  So if I sell my .10 flow through at anything over .06345 cents I am least even and have a whack of free warrants....  That is why you heard the person say a whack of flow

[givemeabreak1]

schneps While I may have been a little abrupt with you please read your post carefully!  You were call the person on the other board an Azz without knowing what you are talking about one would think of apologizing not scape goating me!