SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Barrick Gold (ABX)
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: IngotWeTrust who wrote (500)3/3/1998 4:03:00 PM
From: Porter Davis  Read Replies (1) of 3558
 
>>...what an installment receipt is

My memory's a little fuzzy about the exact prices, but here's how it works: when Munk decided to unload his Trizec holdings in ABX, the offering was priced at $28.40 CDN. As a sweetener, buyers only had to put up $14.20 in cash and were given a receipt which enabled them to put up the other half in one year and receive 100 ABX. In essence they are warrants (although we would call them deep-in-the-money options).

Good to hear from you, ole 49r.

Happy trading.

Porter
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News