I'd say you don't understand flow through shares. Here's the math and theory behind it.
CY5 issue 8677817 shares @ 73c = $6334806 to a Canadian investor.
The Canadian investor can claim an immediate tax break of 10% (to keep the math simple) which gives them $633480.60 to write off.
The Canadian investor then donates the shares to a Canadian charity to claim another immediate tax break of 10%, which gives them another $633480.60.
The Canadian investor now has a tax claim of 2 x $633480.60 = $1266961.20
The Canadian charity then effectively sells the shares back to CY5 at 35c because they need the cash.
CY5 raised $6334806 initially then bought the shares back for 8677817 x 0.35 = $3037236, leaving CY5 in a net position of $6334806 - $3037236 = $3297570. Effectively the same as raising at 73-35=38c.
CY5 then sells the 8677817 shares back to Australian investors at the same price they paid the charity i.e. 35c to raise 8677817 x 0.35 = $3037236.
CY5 now has $3297570 from the Canadian raise plus $3037236 from the Australian raise for a total of $6334806.
So the raise was conducted at 73c, but Oz investors only had to pay 35c because other 38c came from Canadian tax relief.
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cygnus metals limited
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Last
8.9¢ |
Change
0.003(3.49%) |
Mkt cap ! $94.63M |
Open | High | Low | Value | Volume |
8.6¢ | 8.9¢ | 8.6¢ | $9.851K | 111.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 220734 | 8.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
8.9¢ | 98561 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 220734 | 0.086 |
1 | 40667 | 0.085 |
1 | 143073 | 0.084 |
1 | 300000 | 0.083 |
1 | 20000 | 0.082 |
Price($) | Vol. | No. |
---|---|---|
0.089 | 98561 | 1 |
0.090 | 101528 | 2 |
0.091 | 18070 | 2 |
0.092 | 32608 | 1 |
0.093 | 55000 | 1 |
Last trade - 11.25am 10/07/2025 (20 minute delay) ? |
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