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Oromin Explorations Ltd OLEPF



GREY:OLEPF - Post by User

Comment by MrAndersonon Dec 29, 2010 8:32pm
504 Views
Post# 17904348

RE: anonymous

RE: anonymousSuits me fine, If I sell I have a gain that I have to pay taxes on, If I wait a few days that gain falls into the next year and delays taxes for a while, so there is no value in me ducking out now and trying to buy back in a few weeks.  Also if it stays low long enough into the new year then I can bring in some new TFSA and RRSP money and buy some more.  That gold is not evaporating or anything and as time goes by gold seems to be going up faster than the costs to extract it are going up.  Not to mention that those new drill results more then doubled the depth that they have found gold over and that new depth is at higher grades.  So if one assumed it applied to the entire area then we would have more than doubled the resource.  That is a big assumption right now, but all the new drilling may some day prove it to be a correct assumption.
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