You mean Canadian investors not only get to deduct 100% of what they paid for the overpriced shares, but then they get a 30% tax credit on top of that?
The combined federal and provincial tax rate for Saskatchewan is as high a 47.5%. So those sophisticated investors (if they're rich, they're sophisticated, right?) only paid 22.5% x 5.1 CA cents = 11.5 cents per share (or 1.3 cents AU, which is back to where it was a month or so ago).
Yes. Definitely sophisticated.
Ann: Oversubscribed Placement Raises $16.5M at 30% Premium, page-248
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Last
1.8¢ |
Change
-0.001(5.26%) |
Mkt cap ! $80.52M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.9¢ | 1.8¢ | $68.75K | 3.816M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 5528166 | 1.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.9¢ | 4412952 | 27 |
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| AZL (ASX) Chart |