Beware of Tax Loss SeasonDr QH gave Cantex a passing mention in his latest Crescat podcast. He said he couldn't say much as there was scant information provided by Chuck in the latest news release on the North Rackla copper drills.data.
Cantex stock is treading water at an all-time historical low of 12 cents. Expect it could go sub-dime due to tax loss selling in the next few months. Additionally, Flow-through (FT) shares selling could depress the share price further. There are millions of FT shares out there. High net worth investors would be better off to donate their shares to a charity for tax writeoffs rather than sell them and pay taxes for the zero-cost base gains after the FT tax credits are stripped away. The designated charity will likely dump those FT shares in the market right away as it wants cash and not shares. Lots of tax selling pressures.