Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

Free
Message: Re: We're just not getting the facts
21
Nov 05, 2012 08:17PM

Ask yourselves 2 questions:

1) Are we at the begining of this whole process or at the complete end of it ?

2) You can't change the past and here you are today. Did you wait (like the insiders) all this time for nothing, or will you decide (like the insiders) to get payback for your invested time ?

Sell to buy RRSP's ? I'm not at all a fan of RRSP's but for those who are, you can have your shares transferred (no selling required) in your RRSP stock account, just like with your TFSA

Tax loss selling ?....Ihmmm ok but do not forget a small detail.

You must wait 30 days before you can buy back the shares you sold. Think about it, 1 whole month after the day you sold....betting on no Feasibility or back in, or buyout or run-up....

To each their own risk and logic.

Honestly at this stage of the game (short strokes of completion) , who in their right mind who holds a decent amount of shares (not pizza money shares),

would be brave enough to sell all their shares after waiting so long, (try to get a tax loss)...only to have to wait 30 very stressful days and risk :

A )

missing a halt, Feasibility, back-in, complete buyout,...

and/or

B)

* regretfully getting caught in the SP run up you've been expecting

* getting caught in the hype and running back (with others doing the same) after all the shares you just sold / good luck with that,

* most likely paying a higher price in the process

* and on top of all that not get your tax loss (the reason you sold in the 1st place) because you acted before the 30 days is up..,,,,

The correct tax loss strategy is to sell your losers that have ZERO chance of moving back up in the short medium term and putting that money in something that is undervalued and has big chances of moving back up.

So if any of you have some losers out there...you know what to do.

''What if you don’t want to sell the investment?

In some cases, you may not want to sell investments that are down because you think they will come back and in many cases, that is pretty smart thinking.

With tax loss selling, you can sell an investment that is down but you can’t buy it back for 30 days otherwise your losses can be disallowed. Instead, you may want to buy a similar investment.''

14
Nov 06, 2012 11:43AM
Share
New Message
Please login to post a reply