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Gold/Mining/Energy : Gold & Gold Stock Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KatayamaGorobei who wrote (22971)	12/3/2010 11:41:04 AM
From: Tommaso	4 Recommendations Read Replies (2) \| Respond to of 29622

No, the conversion was forced on them by Prime Minister Harper, who broke an explicit promise in outlawing the Canadian trust arrangements. His finance minister Flaherty is also complicit in this. As a result, the income from the company will be taxed twice. That does reduce the attractions to investors, but COS.UN is still the majority owner of an immensely profitable operation. There may be big international oil companies that would like to own the whole thing. The Chinese certainly would like to, but Canada won't allow that. The biggest risk to an investor might be nationalization, or else confiscatory taxation.