BCN beacon minerals limited

Why would people sell the shares at that much of a discount,...

  1. 2,011 Posts.
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    Why would people sell the shares at that much of a discount, wiping out their .007 cent gain? Not only that, you won't pay 100% tax. So you could also say that if you bought options for 0.012, exercise at .025 equals .037 less, say .0035 (to cover max tax on dividend), and you've paid .0335 per share. They have so much money in the bank and are undervalued at their current price. They are not going to drop by the full dividend amount. People aren't going to get a dividend and then throw it away. We also have resource upgrades coming mid year and we are still bringing in money because we are producing gold. Not to mention, people exercising their options are adding to our bank balance.
 
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