New Found Gold Corp V.NFG

Why sell now???

[Dixiedee]

Why would people be selling now anyone selling is most likely selling at a loss with the MRE & Pea coming out in march or April most likely April .
To off set gains from other sales could be one reason this would give them the loss for taxes plus the opportunity to buy back in before the MRE is released or some could of just given up on this space 
Either way the low share price offers an opportunity to buy at extremely low prices and have a risk reward in your favour to average down or establish a position if you don't have one .If the low share price continues I for one will be added more NFG .Golds volatility has given us an opportunity to buy many gold shares at very low prices 
Good luck to All I will be added along the way

[Evenkeel123]

When tax loss selling is here, the baby gets thrown out with the bath water, no matter what.  The idea is to reduce taxes owed, and so it goes.  Which stocks have lost the most money against gains made? There is no compunction or thought about it.  They buy it back down the road if the market conditions warrant it. It's a game, a game, a great Canadian game.  The big boys

[Dixiedee]

You should short it if you feel that way atleast that way you would have skin in the game rather than just lip service 

[Dixiedee]

You can only reduce taxes on other capital gains so you need to sell some winners to offset the losers in Canada that's how it works 

[Evenkeel123]

In Canada, the income inclusion rate for capital gains is 50 percent, which then gets taxed at an individual’s marginal tax rate. What that means is on a capital gain of $20,000, for example, $10,000 would become taxable income. If that investor was in a 35 percent tax bracket, the taxes owing on the gain would therefore be $3,500. With tax-loss selling, investors are able to sell non-registered

[Evenkeel123]

Shows you know nothing.  You can say sorry now.  You must have all capital losses then.  Poor you. EK

[hashboy18]

cause word is out that sprott is out ,and no one thinks its worth anything.a great short

[hashboy18]

all this bad talking has made colin puke a bit so easy boys,its not just about you its more about his brokerage account

[Patient1nvestor]

Come on, mate, stop spreading your misinformation. If Sprott were out, do you think that would align with the limited volumes of shares changing hands. 

[Dixiedee]

Hash boy spreads more lies and misinformation about newfound gold and Eric Sprott  Eric Sprott has NOT SOLD ANY NEWFOUND GOLD SHARES period between him and his children they own approx. 34% of newfound gold shares he owns 19% and his two daughters own approx 7% each so stop your BS misinformation campaign 

[Dixiedee]

This post has been removed in accordance with Community Policy

[Dixiedee]

we where talking about capital gain loses and I said you can only claim the losses against  other capital gains and you go off and talk about tax inclusion rate and tax rates really  by the way if your only in a 35% tax margin rate no wonder why you can't invest you have no money  so who knows nothing