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Gold/Mining/Energy : Nuinsco Resources (NWI) -- Ignore unavailable to you. Want to Upgrade?


To: Terence Mitchell who wrote (3154)4/14/1999 11:27:00 AM
From: Salt'n'Peppa  Respond to of 5821
 
Terence,

A good post, and good advice - be cautious, not stupid.

One comment, though.

<<< PS. I still live in Edmonton, great tax regime, good golf...>>>
Are you insane????

You are one of 30 million of the most highly taxed people on the planet! I am assuming that you are retired, so perhaps it is not as bad for you personally.

Consider NWI...
You invest $50K and NWI falls off the board. You lose $50K. The government doesn't care, even though you funded a Canadian venture.
Or...
You invest $50K and NWI goes to $20. You now have $1 million and next year the government says "hey, where's our $375,000?. We don't care that you risked your after-tax dollars to fund a Canadian concern, we want to profit from your risk."

Great tax regime Terence!

Just an opinion. I'm not at all bitter, but I am thinking of moving!

Have a great day.
Regards,
Rick.



To: Terence Mitchell who wrote (3154)4/14/1999 11:37:00 AM
From: Gary Nash  Read Replies (2) | Respond to of 5821
 
Terrence: You should stay out of the junior market as it is obvious that you can't stand the heat. Some of us make a living at this, believe it or not, and we detest those losers who come on board and try to dispel good research. It is far easier to say there is nothing to be found of significance in a mining play, as most don't pan out. Obviously we are all at the mercy of mother nature as only the drill tells the truth. You continue to reason by analogy, again, saying Donner was no good, so neither is NWI. And as far as age and savvy is concerned, be careful there pops! Been doing this for 17 years and still learning. Maybe it is your time to stick something in that block head. Yes, if I sound pissed off, I am. Sick of blatant fools with nothing constructive to say.