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Gold/Mining/Energy : Precious and Base Metal Investing

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To: Tommaso who wrote (18594)8/29/2003 11:36:41 AM
From: LLCF  Read Replies (1) of 39344
 
<It's really pretty simple. As compared to the stock, Wheaton warrants were not a good bet earlier this year, and I said so.>

WEll, we simply disagree on that. I'm certainly not complaining about my return on the warrants or the stock I held... in fact, the warrants are outperforming the stock today in a BIG way gaining back 1/2 of value lost on a vol basis.

<In relation to the stock price, they are now a much better bet, and I have just said so.>

Agreed.

<The variable that you have never taken into account is what it might mean to be a United States investor putting United States dollars into a warrant with an exercise price denominated in Canadian dollars.>

I have addressed that twice at least... for anyone else on the board with an interest, I'd expain again, but you simply don't follow up with the necessary reading and theoretical background to understand the point.

< All the supposed mathematical formulas for warrant evaluation are not going to take that into account>

That is exactly what they do... sorry, this is completely incorrect.

< It's at that point that fifth grade arithmetic and common sense help.>

If that's the case, let me know when you're done with 4th and we'll discuss it.

<EDIT: I put my money where my mouth is.>

As have we all.

DAK

Agreed.
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