near term , page-13

slipper posted:

"If the holder waited for 12 months ( From the .02C CR)to avoid 50% CGT
Thats 5mil @ .004c gain = $20k profit still 25% CGT so $15k profit.

If he had earlier sold at .04c, gain was $100k less 50% GST = $50K in the pocket. So he lost $35k by waiting the 12 months. NOT TOO SMART"


slipper

that's very easy to say with the hindsight knowledge of the price retreat.

what if the s.p. had gone to 5c (a very reasonable prospect) then profit would be: (5M x 3c) x 75% = $112.5K

k