Precious and Base Metal Investing Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Precious and Base Metal Investing

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dara who wrote (17472)	8/21/2003 1:21:08 PM
From: Tommaso	Read Replies (1) of 39344

What you are missing is that the $1.65 is not a "strike." The $1.65 is what you must pay in order to exercise the warrant. You buy the warrant. Then you come up with the additional $1.65 Canadian and you buy the stock. You are not buying the right the buy the stock at $1.65 the way you would with a call option that had a strike of $1.65. What this also means is that if you are a US buyer of the warrant, and if the Canadian dollar rises, you have to pay more than you did when you bought the warrant.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next