Laut Chris hat Caldwell sein zum Verkauf stehendes Flow Trough verkauft und jetzt könnst auffi gehn:
Thank you and you have identified one of the funds that did participate in the financings we did last year, Caldwell.
Ultimately, they do like CCE and I did meet their president at PDAC.
However, the selling that took place - quite a significant amount really - was because these shares were "Flow Through" which means they could and did sell at a significant profit from where they bought them at, including the tax credit that they also receive from the Canadian Tax service.
At this time they appear to be out of the market, and so I hope that this continues and then we can hopefully continue to appreciate.
Part of the reality of raising capital with a Flow Through component is that the participants (Caldwell being one of the ones in this case) can sell although we do get the capital and then we can do things, as we are doing right now, which is drilling the Ashram.
We say this is the "yin and the yang" of Flow Through - you get the good with the bad, or with the not so good. CG |
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