Post by
HARJAY on Nov 19, 2014 9:46am
Bought deal
I know very little about this kind of financing but i would think that if TD felt comfortable enough to buy these shares at higher than the present share price , they must feel that they can sell these shares to investors at that price and there will be demand to buy these shares.
For Investors to buy at $1.17 they must believe that the S / P will go higher and it will be a GOOD investment for them. And remember that flow thru shares are a tax investment. People buy them to be able to deduct them the investment from income.Otherwise why would TD do a bought deal that they can pass off to their investors.They know their is demand for these shares.
Am i being too simplistic in my thinking ?
Comment by
geoffs13 on Nov 19, 2014 10:20am
lets hope ---144 ---produces some good results ---like the exploratory results
Comment by
uptown59 on Nov 19, 2014 10:44am
these shares will get jammed into the different funds TD offers to their mutual fund customers, its not about TD buying anything. At the same time TD needs to maintain credibility with their funds, but fund investors are trained to wait for their return, and hopefully market forces do not grab the profits first.