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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (8142)	2/26/2003 7:32:36 PM
From: LLCF	Read Replies (2) \| Respond to of 39344

<About the 5-year AGE.to warrants. The exercise price is $19 US. It has therefore fallen from C$30 to C$28.35 in a mere two months. > I didn't do the math, but yea the strike price in $CD would fall. They have a lot of these types of warrants in Europe to hedge currency risk. I like this one because [assuming AGE.to is the underlying security, not AEM, and is Canadian based, and that's the major market] one can gain by falling $US vs $CD AND a rise in POG. You could have the stock remain unched in Toronto and watch the warrants go in the money as the $CD reaches parity with $US [ahhhh, I can dream can't I??]. I wish some of my other Canadian holdings had strike prices in $US. DAK Disclaimer: I have NOT looked at the warrants or the common, so what I'm saying above is based on the assumptions I've listed.