What would be an institution's advantage in investing in FNC.V as opposed to investing directly into the Magpie IPO?
Are institutions considering these two choices?
1) If one were mostly interested in the Magpie IPO, due to the property or the new CEO, then it would be more advantageous to subscribe to the Magpie IPO.
2) Institutions go with FNC for it's Fermont, and view Magpie and Lac Lamalee spin off as a bonus.
I'm curious what numbers are crunched by institutions to make their decision. Hopefully, following the PP close, they'll make it known.
I understand there are greater Canadian tax advantages to investing in flow throughs then private placements. Are there incentives to investing in an IPO?
-sg