RE:RE:RE:RE:RE:RE:Interesting that in all the theories about share price dropintelman wrote: Ok agreed. Make some profit that way, albeit a small profit. But if you had invested in the first place in the PP based on the merits, and knowing that the pilot plant is being built etc.., and seeing the 'associated" company (PYR) gaining so handsomly, them WHY SELL T THIS TIME????
Since the price quoted by saint was an exaggerated discount to the actual sales which averaged about 21 cents and not 14.5 , the investor could have reduced his personal income by 22 cents per share purchased and by selling at 21 average, effectively moves some tax free income into his investment account, to do whatever he wants, and only pay capital gains taxes on gains of subsequent investments which will be half his income tax rate. He has increased his available investment funds this way.
Short term gains are the primary tactic here, if he is in for the long haul he just would not sell. No one said all flow through buyers sold their PP shares.
KD