SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Westmin Resources(T.WMI)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tim Cruise who wrote (59)1/17/1998 5:42:00 PM
From: Bill Jackson   of 63
 
Timothy. He held the shares offshore in the first place, as he bought them for under 20 cents. He took possession of the certs in street form and sent them offshore where he sold them fairly high, but not at the peak and put that money into other stuff still offshore.He can go away for an entire year, and then return after having acquired a capital asset(the securities he bought with the sale of the BRE-X stock). However he stayed away, and it is now well over a year and a half.So whatever he gets is tax free. To be safe he is keeping it offshore and not saying a thing. It is like working in Saudi Arabia for a year. That money earned there is tax free. You must not keep a Canadian residence, or they can get you. However he had good advisers and I am assured he is scott free. His brokerage account never had a reportable cash profit, and so will not make a TX? income reporting slip. I wish it were me, don't we all.

I did not follow the Boliden offer, but their stock is up, perhaps someone will eat Boliden??

Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News