Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: LLCF who wrote (8154)	2/26/2003 11:44:47 PM
From: tyc:>	Read Replies (2) of 39344

Sorry thread, but there may be a fallacy to our logic. We supposed that the only change was a fall in the value of the US$. But gold is measured in US$. If the price of gold measured in US$ does not change or even falls, then the price of gold in higher value Canadian dollars will fall, and the value of the company in Canadian dollars may fall also. It could easily be that the US$ market capitalisation would remain the same, and that Canadian stock prices might fall. Nevertheless. If the value of the Canadian dollar increases, the Canadian value of the exercise price will fall and the Canadian warrant value will increase accordingly. I'm glad I said "Caveat Emptor" !

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