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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Claude Cormier who wrote (38360)4/16/2007 2:47:52 PM
From: xenon  Read Replies (1) | Respond to of 78409
 
That is why I changed all my CKG's shares for the warrants.

Claude any thought about Dynasty's news? Looks DMM'S price is very cheap, no?



To: Claude Cormier who wrote (38360)4/16/2007 3:26:09 PM
From: koan  Read Replies (1) | Respond to of 78409
 
Claude:
"
The reason has always to do with the probability of the underlying security to move much higher before the warrants expires. In the case of CKG, the probability is extremely high, so the warrants has a large premium."

If that is true Claude, then why were the Silver Wheaton B wts, 5 year wts, for sale for a buck all day long when the stock was just a tad out of the money. They hosrtly htereafter rose to an approximate relative price as the CKG wts are now.

In fact if you go look back you will see there was little difference in the silver wheaton wts and the CKG wts in terms price fo stock at the time, distance to strike and market conditions. And certainly silver Wheaton has as much status as CKG??