New Found Gold Corp V.NFG

Flow through math

[Retiredgeo]

I am no expert at this but I will take a stab:

Federal flow through tax credit is 15%

 

B.C. provincial tax credit is 20% (NFG is a BC listed corporation)

 

$50,000,000 - 35% = $32,500,000

 

6,250,000 shares x $5.68/share = $35,500,000 which is a profit margin of $3 million for BMO

 

We will have to wait for these shares to clear before the upward momentum can resume.

[Goldziggy]

  Does Nfg get 50 million dollars or 35 million? There was a 135k sell order block parked exactly at 5.68 all day   

[eldreco]

Goldzig - and anyone correct me if I am wrong, please. The Chariity flow thorughs went out at $8 bucks - NFG gets $50. MILL. At the same time, an equal mount of shares were put on the market by the company that would yield $35 mill. Complicating the story was the info was that BMO put up the same amount of shares at $5.58.  One has to assume  that tey got thrir sticky little fingers

[Evenkeel123]

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[eldreco]

Ta, EK, I was running out of brain-power trying to fit all this together!  What an odd way to do it !!

[Goldziggy]

15% more would be another 937k shares for another 7.5 million 

[eldreco]

We might not be fond of all this now...but, in these numbers, it does rather put in a new foor, wouldn't you think?

[Evenkeel123]

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