Post by
JoeStockIQ on Jan 04, 2025 4:58pm
What Up Slew
Per usual, you are mostly correct. Mostly. While we agree with the main points of your post, like we usually do and was witnessed by our selling out at $3 US a ways back, you're missing one point. Tax implications. Not sure how the tax structure works in Canada but here in the U.S., holding a stock for over one year has begets tax savings upon sale. We swing trade, you know that. At times, that is the way to go and a percentage of trades will still go that way for us. Howeva, after selling the bulk of our shares, we need to build up a new base for over one year holdings. Hence, rebuilding our position in TGB in the low $1.90's. We should be well positioned once big Flo gets into production. Further, IF management actually does come in below budget / on-time at Florence (as previously reported in a recent analyst report), along with the potential (likely?) tax savings management has been speaking on, those are two factors that can really bolster the negative aspects pertaining to Gib that you rightly opined upon in your post.
So Slew, our good man, yet again we mostly agree with you BUT bring you another side of the story that illustrates why buying TGB shares under $2 US remains a solid investment.
Comment by
Mrbeau23 on Jan 06, 2025 10:37am
Great advice JoeStockIQ!!