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Bullboard - Stock Discussion Forum Peregrine Diamonds Ltd. PGDIF

"Peregrine Diamonds Ltd is a diamond exploration and development company with interests in diamond exploration properties located at Nunavut and the Northwest Territories in Canada and The Republic of Botswana."

GREY:PGDIF - Post Discussion

Peregrine Diamonds Ltd. > mill44 TMX reports
View:
Post by RocketRed on Jul 19, 2015 9:51am

mill44 TMX reports

A lot of insider sells but has nothing to do with real insiders of the company The FT PP is being sold out by anon Flow-through Shares: A Unique Tax Shelter Flow-through shares have become increasingly popular among sophisticated investors seeking to minimize their taxes. This program was introduced by the Federal Government to promote the development of the natural resource sector. It remains one of the few legitimate tax shelters approved by the Canada Revenue Agency (CRA), having been included in the Tax Act. How It Works Marquest Mining Super Flow-Through Limited Partnerships invest in fl ow-through shares from a diversifi ed portfolio of growth-oriented junior and intermediate mining companies involved in the exploration and development of Canadian natural resources. Focus is on precious metals, base metals, uranium and other mineral exploration. Certain expenses from this process are eligible as a tax deduction and are passed on to investors. Qualifying expenses only from mining activities are eligible for an additional 15% Federal Tax Credit and 5% Ontario Focused Flow-Through Share Tax Credit. Tax-advantaged Investing An accredited Ontario investor taxed at the highest rate of 49.53% makes an investment of $10,000: YEAR 1 YEAR 2 AND BEYOND TOTAL CEE deductions $9,000 $9,000 Issuance costs and other deductions $200 $800 $1,000 Total tax deductions $9,200 $800 $10,000 Tax savings on deductions $4,557 $396 $4,953 Federal tax credits $1,350 $1,350 Income inclusion from tax credits ($669) ($669) Total tax savings $5,907 ($273) $5,634 Figures are approximate, for the current tax year, does not include capital gains on disposition, which can be deferred under rollover to mutual fund, or eliminated if prior capital losses are available: does not factor in alternative minimu
Comment by ekim on Jul 19, 2015 10:36am
I don't thinka  flow through financing by an individual or group immediately makes them an insider of some hybrid and being forced to report any of those sells on a daily TMX report or another. Sure, the 10 million share overhang is potentially on the market and sure it can be sold via ANON or possibly other houses. The Anon selling on Friday seems to be directly related to a TMX ...more  
Comment by chemdog99 on Jul 19, 2015 10:44am
bury my post which happens to be the TRUTH standard operating procedure for a pumper K I am done
Comment by ekim on Jul 19, 2015 11:06am
Sounds good Sir. LONG...PGD ps. Like the reference of chem "dog" 99 and the metaphor about 'burying' an object. EKIM
Comment by Kodiboy on Jul 19, 2015 11:27am
Yo, what's all the hubbub about? sounds personal, Thx
Comment by ekim on Jul 19, 2015 11:37am
No worries here Kodiboy. I guess I should be flattered that sameone actually exerted energy to write a personal note to an anonymous poster (ie. myself). ...maybe that is why we need to stay anonymous to begin with. kind of like honking or cursing at the horrible driver in front of you...only to have it turn out to be your grandma in the end. All good when it was anonymous...not so good when ...more  
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