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EnigmaDude (95.78)

Copper Fox 3-D Geophysical Model of Schaft Creek Deposit

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February 16, 2011 – Comments (8)


Ever since Sinchi first wrote about Copper Fox Metals as the next runaway stock, I have been following them.  They recently had several positive new developments which led me to read about the Latest Assay Results.  Good stuff, right?

Well check this out.  The best part of the assay report (at least for a visually-oriented computer geek like me) is the 3-D model of the mineral deposit.  This is the sort of thing I used to do for a living, so I think it is pretty cool!

(I don't know what it means, but it sure looks good).

8 Comments – Post Your Own

#1) On February 16, 2011 at 11:05 PM, awallejr (83.97) wrote:

I actually bought a couple thousand shares of Cooper Fox.  I liked the business model.

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#2) On February 17, 2011 at 8:53 AM, Jbay76 (< 20) wrote:

I liek Copper Fox ALOT.....The CEO of FCX stated not too long ago the fact that there aren't many new mines left, the average life span of a new mien is ~20 years.  Enter CPXFX with their new CU mine, plus other goodies, and a Sinch recomendation.  R U Kidding me!!!!  I intend to load up little by little every quarter when I have free cash on this future gem!

 The fact that they are showin a 3D model of their assay report is cool...I'll have to check it out a bit later.  But, they have A LOT of potential and  this is on penny stock I will hold on to for soem time. 

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#3) On February 17, 2011 at 10:52 AM, EnigmaDude (95.78) wrote:

So the latest news (as of this morning):

COPPER FOX ANNOUNCES A $3,750,000 NON BROKERED PRIVATE PLACEMENT FLOW-THROUGH OFFERING

The Offering will consist of 3,000,000 flow-through units at a price of $1.25. Each unit will consist of one flow through common share and one half of a non-flow through purchase warrant. One full purchase warrant plus $1.50 entitles the holder to purchase a Copper Fox common share until expiry on December 31, 2011. In the event Copper Fox trades above $1.65 for ten (10) consecutive days, the purchase warrants, if unexercised, will expire 30 days thereafter. The Offering will have a minimum subscription of 6,000 units ($7,500.00) and 1,000 increments thereafter. The flow-through common shares will be 100% eligible for Canadian Exploration Expense (CEE) as defined by the Canadian Income Tax Act.

The Company has agreed to pay a finder's fee of 6.5% payable in cash and a 6.5% finder's option will be payable to registered dealers and arm's length third parties. The Finders option will entitle the holder to acquire that number of common shares equal to 6.5% of the of the number of flow-through units sold, exercisable at a price of $1.25 per share, for a period of twelve (12) months following closing date.

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#4) On February 17, 2011 at 11:30 AM, Jbay76 (< 20) wrote:

So what does that all mean?  What is teh difference between a flow through comon share and just a common share?  Currently, CPFXF is trading for...holy sh$t, I thought it was trading  at $1.07 but it shot up $0.11.

 

OK, so back to the original question..whats the difference between flow through and basic comon shares?

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#5) On February 17, 2011 at 11:52 AM, MoneyWorksforMe (< 20) wrote:

It's a real shame this stock isn't ratable on CAPS....I tried to green thumb this at .93, when I bought it in real life....30% gain....

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#6) On February 17, 2011 at 12:19 PM, Jbay76 (< 20) wrote:

OK, I figured out the difference.  So, for anyone like me who was caught off gaurd by these "flow through shares" business, here's the skinny. 

It's a way for Canadian Oil and Mining businesses to pass the taxes onto the shareholder.  Apparently there are many tax breaks in Canada, and this is considered one of them.  So, if you invest 10K into CPFXF, you can write off that 10k on your taxes for that year.  But when you sell all your shares, regardless of whether you made money or not, that entire sum is taxed.  So, if you lost money on your investment becuase you sold on fear and were left with $7500, for a 25% loss, you will have to pay taxes on that $7500 for that calendar years' taxes.

On our end in the US, I guess its meaningless as we don't fly that pattern.  Am I wrong on my assumption?

 

I agree its a shame that its not ratable on CAPS.  On a somewhat sequitor note... CPFXF but not GPL which is now a NYSE listed stock.  Yahoo does, TMF does, seems like everyone does except Google!  Very frusturating!

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#7) On February 17, 2011 at 1:50 PM, leohaas (32.74) wrote:

Just one warning: this is a thinly traded stock. Average volume is 41k/day. That will make the stock volatile and may make it difficult to sell at the price you want. But I agree this company has potential in the long run. So only invest what you can afford to lose.

Disclosure: Long CPFXF.PK at the time of writing.

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#8) On February 17, 2011 at 3:25 PM, XMFSinchiruna (27.48) wrote:

leohaas

I would say instead: "only invest what you can afford to hold onto long enough for the shares to graduate onto the AMEX or other exchange and attact the liquidity it is destined to enjoy. :)

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