RE:RE:Flow through mathGoldzig - and anyone correct me if I am wrong, please.
The Chariity flow thorughs went out at $8 bucks - NFG gets $50. MILL.
At the same time, an equal mount of shares were put on the market by the company that would yield $35 mill.
Complicating the story was the info was that BMO put up the same amount of shares at $5.58. One has to assume that tey got thrir sticky little fingers on the second offer.
Glad that they are cashing up...but not very well handled....left many of us just scratching our heads.
el d
Goldziggy wrote: Retiredgeo wrote: I am no expert at this but I will take a stab:
Federal flow through tax credit is 15%
B.C. provincial tax credit is 20% (NFG is a BC listed corporation)
$50,000,000 - 35% = $32,500,000
6,250,000 shares x $5.68/share = $35,500,000 which is a profit margin of $3 million for BMO
We will have to wait for these shares to clear before the upward momentum can resume.
Does Nfg get 50 million dollars or 35 million? There was a 135k sell order block parked exactly at 5.68 all day