Bullboard - Stock Discussion Forum Snowline Gold Corp V.SGD

Alternate Symbol(s): SNWGF

Metals & Mining Gold

Snowline Gold Corp. is a Canada-based gold exploration company. The Company operates an eight-project portfolio covering approximately 333,000 hectares (ha). The Company is engaged in exploring its flagship project consisting of approximately 94,000 ha Rogue and Einarson gold projects in the highly prospective, underexplored Selwyn Basin. The Company’s project portfolio includes Einarson, Rogue... see more

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TSXV:SGD - Post Discussion

Snowline Gold Corp > Tax loss selling

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Post by Retiredgeo on Dec 12, 2023 4:30pm

Tax loss selling

is hitting the juniors hard! Many speculators have had enough and want out. In past years the December bottom for tax loss selling has been around the 20th. Last winter SGD bottomed out on Feb 9 at $2.14 CAD.

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Comment by Retiredgeo on Dec 13, 2023 9:56am

It is also noteworthy that B2 gold bought in at $2.50 soon after the bottom. Is another big player lined up for this winter?

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Comment by AlwaysLong683 on Dec 14, 2023 1:16am

I doubt it. BTO has a formal agreement with SGD stating BTO has the option of maintaining their 9.9% ownership in SGD whenever new shares are issued. SGD CEO Scott Berdahl likes how BTO operates their existing mines (commitment to communities, sustainable mining practices), so I think it's a pretty good bet that BTO is the one that takes out SGD at some point in an all-share deal ...more

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