GREY:LFDEF - Post by User
Post by
Links68on Mar 20, 2017 11:20am
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Post# 26002047
Federal Budget worries keeping UR down???
Federal Budget worries keeping UR down???Even with bought deal i still don't know why we're hovering around $200MM Cdn valuation. Is it possible most of the selling has been due to the uncertainty of where the capital gains inclusion rate will end up in the new budget coming out in a few days? A lot of people likely have some significant gains at this point and may think they're locking those in at 50% as opposed to something higher.
If we end up status quo from a capital gain tax liability standpoint, the quarterly release is on point with what's been disclosed and there is more extreme positivity around MOU conversion, if not another announced in tandem with the financials the sp could shoot up 50% in a hurry with sights set on an all time high by late summer.
In my opinion - no change in capital gains inclusion rate - sp = $1.85 to $1.95
Increased optimism on call re: MOU conversion with results in line - sp = $2.05 to $2.15
Kazakhstan conversion announced in addition to above - sp = $2.50 to $2.75
Of course if inclusion rate increases, no real news/optimism on conversions sp = $1.50 or less??
GLTAL!!!