Re: Warrants

HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Deke

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Re: Warrants

in response to

Re: Warrants

glorieux

posted on Apr 12, 2011 08:28AM

G, you could be close. 100K warrants traded / crossed on March 11, for $0.25. Now 100K warrants traded on April 11, for $0.50. Exactly 31 days! This would have to be an "arms length" transaction, not just a transfer between accounts. The problem here is that the first seller at $0.25 may have a loss, while the first buyer, assuming he is now the seller, has a $0.25 gain.

Buying the warrants at $0.50 Time Value makes little sense. If NOT goes up $0.95 you double your money on the stock, while a warrant would barely twitch. This is not like an option with a Delta of 0.99! As stated earlier, there is no profit until the stock trades above $4.50.