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

To: bmccra who wrote (266)	8/4/2005 12:42:01 PM
From: Nevada9999	Read Replies (1) \| Respond to of 681

My Wheaton River warrants were converted to Goldcorp Series C warrants when Goldcorp took over. They have appreciated nicely since the takeover, though the liquidity has dried up. I don't recall whether the takeover was a cash transaction.

To: bmccra who wrote (266)	8/11/2005 8:51:23 PM
From: LLCF	Respond to of 681

Good question. I know with exchange traded options a cash bid usually wipes out the out of the money options, and the in the money gets exercised {loses ALL it's time value} and the stock tendered. I would think it depends on the protection written into the warrant boiler plate. A call to a company would shed light. With a stock swap there is an implied price to strike the new warrant, I suppose with a cash bid you'd take the % out of the money or in the money and strike an option on the takeoverer. DAK