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Gold/Mining/Energy : Gold and Silver junrs- portfolio
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To: marcos who wrote (206)4/23/2008 8:46:33 AM
From: tyc:>   of 328
 
More price speculation on NGD.wt.A etc.

Another way to look at the question is to describe it as, "sensitivity to price increases in NGD"

..If NGD increases in price by $1 from its present price of $7.90 to $8.90, that's an increase of 12.6%.

.. My calculator says that with the same increase in the price of NGD, the price of NGD.wt.A might be expected to rise from $1.79 to $2.18, and increase of 21%

.. MR.wts are trading at their intrinsic value of $4. If the price of NGD goes up by $1, intrinsic value of MR.wts will increase by .90c to $4.90 (because MR 's conversion is to .9 shares of NGD). That would be an increase of 22.5%.

On expiry it seems likely I shall convert my MR wts to the warrant A's !
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