Agoracom: Small Cap Investment - Copper Fox Metals Inc.

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%)

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Tax implications, re Dividend

Moneytospend

Jan 05, 2015 08:08AM

Re: Tax implications, re Dividend

chunkytoast

Jan 05, 2015 10:59AM

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Re: Tax implications, re Dividend

in response to

Re: Tax implications, re Dividend

chunkytoast

posted on Jan 05, 2015 11:58AM

Further to Chunky's explanation which is 100% correct. CUU can't pay out a dividend as they have a retained earnings (deficit). As CUU has never made a profit, and overall cumulatively have only lost money, they CANNOT pay out a dividend.

The payment they made can only be treated as a return of capital and be used to reduce your ACB (adjusted cost base) of the the shares you own.