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


To: Herb Duncan who wrote (37011)1/31/2006 10:51:45 AM
From: whenitgoesup  Read Replies (1) | Respond to of 39344
 
I'm just trying to figure out if SLW hits $30 and I invest $10K, which will be a better return.

SLW.WT - (Cusip # 828336115): 117.5 M (or 23.5 M consolidated)
Terms: 5 warrants for 1 common share, Exercise price C$4.00, Expiry Aug 5 2009

I get ~10K wts, worth $5.25($26/5) in the money = $52.5K

SLW.WT.A - (Cusip # 828336123): 40.5 M (or 8.1 M consolidated)
Terms: 5 warrants for 1 common share, Exercise price: C$5.50, Expiry Nov 30, 2009

I get ~>10K wts, worth $4.90($24.5/5)in money = ~> $49K

SLW.WT.B - (Cusip # 828336131): 7.8 M
Terms: 1 warrant for 1 common share, Exercise price C$10.00, Expiry Dec 22, 2010

@ @3.40 get 3K wts worth $20, so the value is $60K, so a big diff.

Is my math OK?

I think if you can get the B wts cheap (ie. yesterday, lol), they would probably better value IMO.