Star Diamond Corp T.DIAM

Alternate Symbol(s): SHGDF

Metals & Mining Industrial Metals & Minerals

Star Diamond Corporation is a Canada-based company engaged in the acquisition, exploration and development of mineral properties. Its primary asset is its 100% interest in the Fort a la Corne property, which is located in central Saskatchewan. Its Fort a La Corne Diamond Project includes Star and Orion South Kimberlites. These kimberlites are in close proximity to established infrastructure, including paved highways and the electrical power grid. The Star-Orion South Diamond Project is located within the Fort a la Corne diamond district of central Saskatchewan, Canada. These Fort a la Corne mineral dispositions are located in the Fort a la Corne Provincial Forest, approximately 60 kilometers (km) east of Prince Albert, Saskatchewan. It also holds a 100% interest in the Buffalo Hills Diamond Project, located approximately 400 kilometers northwest of Edmonton, Alberta, Canada. The property covers a total of 21 mineral leases covering an area of approximately 4,800 hectares (ha).

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Star Diamond Corp

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Comment by Grizzly44on Dec 21, 2011 9:08pm

464 Views

Post# 19343869

RE: RE: Very Painful

For our American friends, you should be aware that in Canada you must be out of a stock for 30 days in order to get a tax loss. In the event you buy back in, before the 30 days are up, then you are deemed to not have sold them and simply retained them.

So, if you sell, you have to be out of the stock until the 21st of January 2012 in order to get your tax loss. Also, in Canada you have to have gains to offset your loss against - and not many I know have had too many gains. Yes, you can carry the losses forward. The point is; if big news is coming soon, as many are suggesting, then selling for a tax loss now may exclude you from the big gain.

Regards,

The GRIZZ

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