I guess the real dilemma at this juncture is not so much the tax consequence of a potential bonanza, but rather how and when will the sp go back up to the old highs.
Frankly, I am growing seriously skeptical that the common shareholder will see daylight in light of all the events, including but not limited to the stock transactions by Auryn, the contemplated stock transactions by Auryn, JJ's and the other BOD member's holdings and how they plan on exiting, (possibly exited or considerably lightened their holdings directly or indirectly), the continuing and possibly not continuing future exploration and results therefrom, possible dilutive effect of these shares that are floating around.
Bottom line if Auryn decides to scrap the exploration we are toast. If they continue the exploration and the results are discouraging we are toast. Is the exploration going to confirm the previous geologists assumptions about the world class nature of this property? Jury is out. The sp surely indicates it's a dud. I don't know how else to quantify the value of these claims. The historical crap from Medinah and the current sp is the best indication I have. So far, Auryn has not been able to engender a level of confidence to maintain a decent sp.
I can see a scenario where there is just enough good news for the Medinah insiders, including Auryn's to dump shares for extreme profits. However, to what level the sp will ascend after a carefully crafted "upbeat news" is impossible to forecast at this time.
I feel like the common shareholder is being played like a master violinist playing the Lark Ascending by Vaughn Williams.
For the record, my preference would be to listen to the aforementioned piece rather than anything that comes out of Medinah's news distribution hole.
So if we should be so fortunate as to see a huge run up in sp, let us then worry about the tax consequences.
