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Gold/Mining/Energy : Precious metal company Warrants -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (255)	7/18/2005 8:11:45 PM
From: tyc:>	Respond to of 681

Dak! AEM has a US$143M convertible debenture, convertible @ US$14 per share. It is redeemable by the company in either cash or shares after Feb 15th 2006.... just six months to go ! What do you see as the likely "end-play" for CV hedgers here ? Are they likely to seize the current opportunity of covering their shorts at the current lower price ? Or are they more likely to wait to allow the debentures to be called ? (DB currently trading @ par)