RE:Better places to invest than Bay IMO, the junior exploration market in Canada, is run by the Government .
The flowthrough shares issued by the Junior in-oder to raise Capital to drill their project allow the investor to write off 100 % of their investment. This Tax break in reality after deductions lowers the investors cost and again if the FL shares are deposit in RRSP then the Investor again sees a tax deduction because of contribution so the shares have near a zero cost base.
PS,.Flippers will sell FL shares into the news , this is how you make money in the junior market and not by buying shares and going long..
PS,. knowing the junior market is a cassino, based on the Canadian Tax system, my-self believing BAY has a copper mine, continue to buy @ this time of year.
THE Shares acquired by the placees under the final tranche of the Offering are subject to a hold period until October 21, 2024, in accordance with applicable Canadian securities legislation.
3,900,000 flow through shares (each an “FT Share”) at a price of $0.15 per FT Share, .
PS,.No Warrants over the years have been exercised which proves that the Junior market is run as a FL tax write off where the Cassino over seen by IIROC has no rules..
Let The Drills Be Our Friends
Traps7