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Gold/Mining/Energy : Sandstorm Gold -- Ignore unavailable to you. Want to Upgrade?


To: kidl who wrote (15)5/15/2010 12:35:43 PM
From: Metacomet  Respond to of 1133
 
According to this chart:

canadianwarrants.com

...they have a strike price of .62 in April 2014.

I am buying the warrant symbol SNXXF on tthe Pink Sheets.

(CAVEAT..... That's if I am reading it correctly, and I am buying the correct warrants, I make no guarantees to either.)



To: kidl who wrote (15)5/16/2010 3:39:15 PM
From: onepath3 Recommendations  Read Replies (1) | Respond to of 1133
 
Note the warrant strike price is 60c U.S.

The warrants were issued pursuant to the company's prospectus dated April 16, 2009. Each warrant will entitle the holder thereof to purchase one common share at a price of 60 U.S. cents at any time prior to 5 p.m. (Toronto time) on Wednesday, April 23, 2014, subject to adjustment in certain events

stockwatch.com

....this is notable because it is listed and traded in Cdn. funds.Could make a sizeable difference to the return if the loony continues to strengthen over the next 4 years(WT. expiry)

....58.45 million warrants listed for trade gives good liquidity.

... a doubling of the SSL share price(.79x 2) over the 4 year
period would give the WT. an intrinsic value of .98c (with an equal dollar) which is 50% better return then holding the shares.Return could be much greater if share price appreciates quicker or US$ drops.

...no cap on the WT. so any early recall would have to involve an incentive.

My position is in the WTs. so for me to do well the share price must also do well.