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Mines Management, Inc. Message Board

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  • crm_discriminator crm_discriminator Dec 12, 2005 5:14 PM Flag

    100,000 block lifted 7.40

    <<interesting to know who sold at the day minimum... I cant believe.>>

    You have to remember, the likely sellers are the subscribers to the recent issue, and their cost is 6.00. They can make easy money shorting their shares against the box for any amount over 6.00. They may not even have to pay tax on the gain, because they can carry the excess above 6 as the cost basis of their warrants. (This is not tax advice; consult your tax advisor; professional driver on closed course; do not try this at home; your mileage may vary.)

    You'd think they'd hold out for more, but some of these guys appear to be so eager to flip that they are cutting each others' throats to take the low bids. It doesn't really hurt us as long as we are willing to hold until the carnage is over. JMHO and I am staying long.

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    • <(This is not tax advice; consult your tax advisor; professional driver on closed course; do not try this at home; your mileage may vary.)>

      Thank you. I haven't had anything to laugh about today until I read this.

      Hopefully, we will soon be on the Toronto Exchange, the mine will get its pre-induction physical, and we will start acting like a company that is going somewhere.

 
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