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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: koan who wrote (34374)2/27/2007 7:06:46 PM
From: Claude Cormier  Read Replies (2) of 78424
 
- Because they both resepresent the same thing, 1,000 shares of stock.

I think that is true only when the warrant is in-the money and most of the warrant market value is represented by its intrinsic value. At the moment, RNG warrants have no intrinsic value but only time value (or premium). People pay a premium hoping that the warrant will eventually represent the samething as a share (i.e will have intrinsic value and be exchangeable against a share). Until then, the warrants are a claim on evntually and potentially becoming the same as a share.
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