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Gold/Mining/Energy : Copper Fox
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To: sifoto who wrote (10435)2/11/2017 10:28:02 PM
From: louel1 Recommendation

Recommended By
dsikorsk

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It is neither Bullish or stupid. Cuu's present total assessed book value is listed at 18 cents per share. All inclusive. Actually higher than I would have expected. Probably that high because they never took into account the inflation till it is disposed of.
Looks like another year of twiddling their thumbs at Shaft creek. I can't see any more momentum than that of a hobbled old horse as far as copper Fox is concerned.

The market is flourishing. And is expected to continue to do so for another year or so under the Trump agenda. So selling the shares into a T.S.F.A. allows for a capital loss write off against capital gains in other investments in the coming year. Eradicating tax paid on those profits. .
Then if Teck eventually takes Shaft creek. for 25 or 30 Cents. A premium of 30% over book would also be tax exempt.
I have done the much the same with a couple I got caught in that were rolled back. More and faster money to be made using them as a write off than buying more hoping they will recover.

So don't read anything into this Copper Fox share swap thing that isn't there. Just a prudent financial move.
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