*How do I invest in a Canadian mining company? Please help!

[slug]

Quote from Kastro_316:

What does the "cash account" mean? stipulations?

(sorry again, im still on my phone, on a train lol)



And your saying gold ventures are a bad idea?

What Canadian venture companies or canadian penny stocks are good besides gold companies?

Thanks

Sprott gives you a little bit of everything Canada.


http://www.sprottresource.com/default.aspx

 

[matgallis]

E*Trade will let you open a global trading account for $2k

 

[matgallis]

and why this firm?

Junior miners that choose to not list their financial statements are shady imo.

 

[psytrade]

I don't know if this one can muster the mustard...

 

[Kastro_316]

Quote from psytrade:

I don't know if this one can muster the mustard...

Thanks!

What are some good jr mining companies to look at in Canada?

Where can I find out some good ones? Any advice?

 

[Bob111]

Tax question regarding trading Canadian stocks,futures etc-
what are consequences\responsibilities for US resident if he trade Canadian securities via IB? where and how taxes are paid?




Thank you!

 

[zdreg]

Quote from Quark:

Definition of a gold mine: A hole in the ground with a liar standing next to it. - Mark Twain

Good luck.

which statement is attributable to mark twain?
"Definition of a gold mine: A hole in the ground with a liar standing next to it. - Mark Twain"
"Mark Twain defined a gold mine as 'a hole in the ground at one end, and
a d - d fool at the other!'
or a hole in the ground with a liar sitting on top of it.
there are other variations.
anybody know with certainty the correct quote?

 

[Hurricane]

Quote from Bob111:

Tax question regarding trading Canadian stocks,futures etc-
what are consequences\responsibilities for US resident if he trade Canadian securities via IB? where and how taxes are paid?

U.S. citizens pay taxes on their global income. With IB (and I expect other brokers as well), your year end 1099 form will include foreign stock transactions. You just treat them the same as U.S. transactions on Schedule D.

If dividends are paid they may be subject to foreign country withholding but this can be claimed on your U.S. return as a tax credit.

 

[Hurricane]

Quote from Kastro_316:

I want to invest in a couple canadian mining/exploration companies I have had my eye on for a while.

Like for example: Dajin Resources

How do I invest in them? What online broker can I use to invest????

Thanks

Dajin Resources is sold in the U.S. on the OTC Pink Sheets. The ticker is DJIFF. Most brokers can handle an order. One advantage is there's no currency exchange involved as it's priced in U.S. dollars (generally the actual Canadian dollar bid/ask price converted at the current USD/CAD exchange rate). But the trading volume on the pink sheets is low and there may be a lot of slippage. You need to be patient and accept that you might only receive a partial execution.

NOTE: Average volume on the pink sheets is 11k shares per day. No trading today. Last quote ~ 9 cents/share, near it's 52 week low.

 

[Bob111]

Thank you H!