I'm just trying to figure out if SLW hits $30 and I invest $10K, which will be a better return.
SLW.WT - (Cusip # 828336115): 117.5 M (or 23.5 M consolidated)
Terms: 5 warrants for 1 common share, Exercise price C$4.00, Expiry Aug 5 2009
I get ~10K wts, worth $5.25($26/5) in the money = $52.5K
SLW.WT.A - (Cusip # 828336123): 40.5 M (or 8.1 M consolidated)
Terms: 5 warrants for 1 common share, Exercise price: C$5.50, Expiry Nov 30, 2009
I get ~>10K wts, worth $4.90($24.5/5)in money = ~> $49K
SLW.WT.B - (Cusip # 828336131): 7.8 M
Terms: 1 warrant for 1 common share, Exercise price C$10.00, Expiry Dec 22, 2010
@ @3.40 get 3K wts worth $20, so the value is $60K, so a big diff.
Is my math OK?
I think if you can get the B wts cheap (ie. yesterday, lol), they would probably better value IMO. |
