Calvin 123456789 to explain. What you said is correct. However my difficulty was that i got caught with 120000 shares at an average price of $1.20. I have sold and bought back several times in smaller amounts. I always hesitated to sell all at the same time because I thought I could get caught being out when an announcement about the sale of CUU to TECK would occur. I did declare tax losses which helps if you have large profits but not so much if you don't need the losses. I managed to get my average down to $.80. I could have purchased 1,000,000 at perhaps $.10 but that is $100.000 which I felt was more that I wanted to tie up on something that Teck might tangle up for another 50 years. A purchase of that size only makes sense if one has a good idea about the timeline. It would have lowered my average to about $.22. That's not to deny Icould buy at this price and end up with a lower average price but how much does one throw at this?
I'm not bemoaning my investment and not looking for sympathy. Sorry if it came across that way. I was simply stating that if it goes up soon I'll benefit and if it doesn't probably my grandkids will.
Russ
And by the way it's all good.