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

To: pocotrader who wrote (44417)	7/9/2007 7:59:28 PM
From: koan	Respond to of 78419

Poco, I have been really busy (with work work-lol) and still have not wraped my mind around them. I always tell everyone "do not just throw money out there"---have a reason and understand what that reason is. I do not understand the whole picture yet, but will post to you as soon as I do, if I can figure it out. cheers

To: pocotrader who wrote (44417)	7/9/2007 8:20:35 PM
From: tyc:>	Respond to of 78419

These warrants were originally Cambior (CBJ) warrants with a strike price of $3.75.... one warrant plus 3.75 got you a share of CAMBIOR. CBJ was merged with IMG.. For each share of CBJ you received .42 shares of IMG. Nothing changed in the value of the warrants. One warrant plus $3.75 gets you .42 shares of IMG, the equivalent of one share of CBJ. If IMG is now worth $8.66, .42 shares of IMG is worth 3.63. Do you think that a warrant with a market price of .97c, plus 3.75 is a bargain for something worth $3.63 ? Note I own them now. If I didn't own them I would consider buying now because of leverage. If the price doubles (2x) from 3.63 to $7.26, the warrant would have an intrinsic worth of $3.51 which is 3.6 times its current price. I do not intend to sell mine. .