New Found Gold Corp V.NFG

PALI VS NFG AS AN INVESTMENT AS WELL AS THE FUTURE FOR BOTH

[bjbear]

PALI as worth about $5 because of the 1 for 1 share ratio. AS Collin Kettell pointed out to me in an email, PALI could realize this price if NFG is sold but PALI would be subject to corporate taxes on the sale. Typical Canadian taxes are around 28% depending on the province. Net proceeds for PALI and its investors would be 72 % of 5.00 or about $3.60. Present price is around $2.45 so there is a substantial discount. Should PALI decide to use their in place NCIB this year there could be support for a higher market price.
As for a PEA I think it won't happen for at least a couple of years as NFG wants to finish a lot of their proposed drilling. After such a release there could be a lot of interest from major gold companies who have to get their reserves up. Canada is the safe place to do buyouts- look at recent takeovers by BTO of SBB in Nunavit and CXB of MOZ (the Valentine deposit in Newfoundland). Incidentally both BTO and CXB are my favourite holdings along with PALI. NFG looks like the world's largest new deposit since the Fosterville find in Autralia. Eric Sprott was involved with this find and now is the largest single shareholder in NFG to the tune off about 250 million dollars! He sees opportunity and has been buying more shares on a regular basis. Share prices are rather low now so a great time to be buying. In a few years one will be rewarded for being patient. If you are expecting a mine proposal shortly forget about it. In the meantime read the company presentation.

[nozzpack]

" AS Collin Kettell pointed out to me in an email, PALI could realize this price if NFG is sold but PALI would be subject to corporate taxes on the sale " If CK told you this, he really is without a clue about PALI of which he is the majority shareholder . PALI has investments losses of nearly $200 million , mostly from their investment losses in NFG. That should negate and protect

[Dixiedee]

if Pali sells NFG  shares at a profit from their extremely low cost base they would pay taxes at 66 2/3 inclusion rate up from the 50% before this bad budget ( that's another matter) but they can also pay a dividend to its shareholders and then get the refundable tax credit for paying the dividend  credit is there so the same money isn't taxed twice  to bad the government

[nozzpack]

So, the new budget has ruled out accrued business capital losses to offset capital gains ? I know that is not true. Of course, any gains above that level will be taxed as per normal..

[Dixiedee]

I did not say that if they have capital gain losses they can be used to offset capital gains I do not know if they have any capital gain losses that they have realized and not claimed but if they do they can use them to offset capital gains but it has to be Pali losses not NFG losses and has from operations re exploration costs

[Evenkeel123]

Eh Dixie, since you really admit that you don't know nothing about Palisades, why don't you contact the auditors and ask proper questions?  You might actually learn something.  EK https://palisades.ca/news/palisades-reports-2023-shareholder-meeting-results/

[Dixiedee]

I never said I don't know anything about Pali what I said was I didn't know if they had any capital gain losses but again you go and start making stuff up your a piece of work not worth the time of day 

[Tk11455ok]

bjbear, I sent you a private message Tom K.