Post by
longagau2 on Apr 29, 2021 10:18am
Why now?
Actually, I can't seem to come up with a scenario in which it makes any sense to the current shareholders or to the company to offer these flow through shares before the PEA is released. Anyone got a good reason? I hope it comes out with time.
Comment by
5er on Apr 29, 2021 1:42pm
Makes me wonder why the share price was being pressured down? hmmm, purchase of flow through shares to be negotiate, lets get the price down before purchasing, hmmm
Comment by
5er on Apr 29, 2021 4:38pm
I believe it is the purchaser who gets the tax break on flow through shares but the company then has to use the funds for exploration.
Comment by
ggrellette on Apr 29, 2021 4:52pm
You are absolutely correct when u say u believe it is the purchaser and yes it is the purchaser that will get the tax break.
Comment by
MAKEITBACK on Apr 29, 2021 6:01pm
I think it simply means that the mpney lost in revenues has to be made up in share issuance. The flow through shares free up cash for other operating expenses. I am hoping that the reduced gold production is temporary but they did not actually say that. Might they have presented these events in a more favourable way? If so, why didn't they.