Precious and Base Metal Investing Message Board

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Gold/Mining/Energy : Precious and Base Metal Investing

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To: dara who wrote (17472)	8/21/2003 12:58:33 PM
From: LLCF	Read Replies (3) of 39344

WRM warrants: If Strike= 1.65 and stock = 2.04, they are .49c in the money... ie. they MUST be worth @ least .49. Then they will have premium, but no I wouldn't expect them to trade 1.65. I think you are missing something.... that said however, I do think they're worth a buck! The situation is this... these warrants give you the 'right' but not obligation [BIG distinction, if the company goes belly up, you lose only the amount you paid for the warrants] to buy the stock @ 1.65. You will have to pay 1.65 to turn you warrants into stock. Hope that clears things up. DAK

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