Goldtent TA Paradise

KL.TO

1. Alex33 says:

   November 28, 2019 - 12:28 pm at 12:28 pm

   If KL can turnaround Detour Gold and make a performing asset like AEM Malartic mine, then this will only be a dip on the chart, years from now.

2. Patrick says:

   November 28, 2019 - 2:25 pm at 2:25 pm

   Yes. Seems that way.. check my latest post… https://goldtadise.com/?p=452132

3. Karl says:

   November 28, 2019 - 2:27 pm at 2:27 pm

   Well, I have another one to celebrate that Canadians seem to be Gobbling up today: FNV.

   Allow me to boast to console myself. My accountant made me sell most of my juniors because of complicated US Treasury regs and laws (PFICs). I have ghastly losses so far this year as a result, just ghastly. The occasional OSK doesn’t make up for it at all. So please, allow me to indulge myself.

   I have been buying FNV over past weeks. I bought a lot (for me) early yesterday. The chart made it look as if it was about to bounce. It did.

   (For you USAyans who care about PFIC status: My understanding–which I am using for myself but which you should not rely on since I am a total amateur — is that FNV and WPM declare themselves not to be PFICs. Looked at one way they might be, but looked at from other angles, as if maybe for example they were banks, they aren’t. Also, they have clout and they have huge investors who have clout plus probable multilayered arrays of super-specialized lawyers and accountants, and that helps is my naive guess. So they are not PFICs as far as I can tell. Since they have come out and said it, I think they are going to make sure they stay in the light side of the grey zone. SAND and OR do not make such declarations and in fact you can find comments from them saying they may be PFICs. Even if the IRS doesn’t fight them over royalties, they are likely to find problems with things like Hod Maden for SAND and Barkerville and Stornoway for OR is my entirely amateur and unreliable guess. This PFIC matter may be a reason why SAND and OR seem so cheap. I don’t know, but I reluctantly sold a lot of SAND and will sell a lot of OR and have been buying FNV and WPM. I already owned a ton of RGLD from its near penny stock days.))