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Gold/Mining/Energy : Precious metal company Warrants

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To: Threshold who wrote (518)4/26/2006 5:28:42 PM
From: LLCF   of 681
 
<Keep an eye on the GBU.WTs. Stock moved up .28 today and the warrants were flat. But Canaccord picked up just over 1.3M of the warrants today, and from my experience, they are the canuck masters of playing the warrant game.>

Thank you VERY much for the heads up... that kind of volume and (lack of) movement is exactly what I look for. They can (have) cheapened substantially in just a day.

Yes, if you look at the old news, Newmont took a stake in the company a while back. I bought a substantial position at that time, and with warrants cheap enough I'd look to either add to my position, OR (and?) replace my stock with warrants to protect the downside.

Thanks again for the heads up, I'll have a look tonight at the pricing.

DAK
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