ngd.wt.a - these are my favourites, and yes leverage is definitely rising as the common starts to swing up - stockcharts.com
The Chesapeake wts that were PoG-dependent weren't tradeable, they hit the limit and got exercised last year, in the spring i think
Good site for info on all wts, refresh it after about noon tomorrow, the fellow updates everything saturday - canadianwarrants.com
ckg.wt - strike 8.00 exp 23feb12 ... rated as 'very overvalued', imho you have to take the valuations with a ton of salt, they're worked out on Black-Scholes and don't take sentiment/loyalty into account ... Randy has some very convinced supporters
ngd.wt.a - strike 15.00 exp 28jun17 ... rated as 'bargain' and quite rightly imho, eight years is longer than a lot of common shares last, but this fellow rates fair market value at 1.97 [as of 23/02, it'll be higher tomorrow], well good luck with that, i think gearing is the key thing to watch ... my theory - as the common makes 3.50ish the a-wts break .50 and maybe .60, gearing drops to 5ish from 9ish, giving the better return ... as for loyal support, well Lassonde Schulich and Telfer will likely get a bit of that too |
