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 (17479)	8/21/2003 1:27:40 PM
From: Tommaso	Read Replies (4) of 39344

The $1.65 is not a strike price. A "strike" is the price at which you have the right to buy a stock with a call option or sell it with a put option. The $1.65 is what you must pay to exercise the warrant. Why would anyone want to pay a dollar for the right to spend an additional $1.65, making a total of $2.65, for a stock currently selling for $2.04? I don't know about you, but I would rather pay $2.04 instead of $2.65.

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