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To: tyc:> who wrote (58215)4/6/2008 5:48:31 PM
From: marcos  Respond to of 78408
 
ngt.wt.a - says 3.50 value today here - canadianwarrants.com

I don't believe that either, it would only be two to one leverage, putting it into direct competition with common held on 50% margin [though once bid 3.00 or better the warrant itself has 50% margin buy power] ... i'm quite sure cowboy mentalities who diddle with warrants also diddle with margin, so this is likely relevant, lol .. [as of friday i was more than a bit back into margin, added cll.to without selling anything]

'the leverage is nothing special' - you don't think so eh, well it's four to one and i think working in nine years time value which is for all practical purposes du jour forever and a day, there will be a perception of useful leverage here

Corner Bay
Francisco
Franco
Wheaton River
Rio Narcea
TVX
Echo Bay
William [bhaarf]
Greenstone
Placer
Inco
Falco
[Metallica?]
[Peak Gold?]

.. all these and many more have in less than nine years gone away forever, so argument for greater endurance of common over warrants might prove difficult when you get right down to it ... one risk here though is that there comes a form of takeout that would wipe out OTM warrant holders, DAK had some thoughts on that quite a while ago, be good to see him pop up on this question