You may be right about mr.wt outperforming ngd.wt.a in these next months, or not, we shall see ... New Gold common putting on another high today, that sort of thing gets noticed, she's got the momo now and it all looks great
Could go the other way any time though, will be due for a retrace eventually, from whatever price ... when that happens, the mr.wt will downtick as much as or more than its common, with its time decay eroding that part of value daily ... it should be in the retrace/waiting periods where the nine-year value shows up, imho? ... also more immediately i think, as they should be worth considerably more than they are today, more even than the 3.29 trade this morning ... what does the canadianwarrants.com page say this week, probably closer to 4.00, it's volatility plus time value that does that, and i don't think it's completely nonsense either, eventually that's where values should work out to ... of course by that time the common will be twelve bucks, but that's going to happen too ... so that would put mr.to common at 10.80, its wts at 7.70 ... about fifty per cent in either case, it's just that with ngd wts you have the option of holding long-term?
[edit] - says 3.94, and that was at 8.74 common - canadianwarrants.com |
