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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?


To: tyc:> who wrote (14360)7/21/2010 8:32:35 AM
From: VisionsOfSugarplums  Read Replies (1) | Respond to of 23087
 
NOT.V to list warrants

Mr. Wesley Hanson reports

NORONT ANNOUNCES LISTING OF WARRANTS

Effective Wednesday, July 21, 2010, the common share purchase warrants of Noront Resources Ltd. will commence trading on the TSX Venture Exchange under the symbol NOT.WT.

At present there are 722,150 Warrants issued and outstanding. The Warrants were issued pursuant to the Company's Notice of Variation and Extension dated December 1, 2009. Each Warrant entitles the holder to purchase one common share of the Company at a price of $4.00 per share and will expire on December 16, 2014.



To: tyc:> who wrote (14360)7/21/2010 11:42:37 AM
From: onepath  Read Replies (3) | Respond to of 23087
 
Nice to pick up some free arbitrage on the deal.But i am going to stick with TCM.WT and increase the position somewhat depending on market.

A double of TCM from here $9.50 x 2= $19.00 which gives the TCM.WT an IV of $10.00 approx 4x present price.

The same double would not increase the .90c part of the TRX.WT deal but would double the .052 of a share from .49c to .98c which then would give the TRX.WT an IV of $1.03 slightly more then a double from here.