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

To: Anchan who wrote (21235)	8/4/2012 3:23:44 AM
From: koan	Read Replies (1) \| Respond to of 23102

I'll take a look for old times sake-g. Glad to see you around. What have you been reading lately? Anything good?

To: Anchan who wrote (21235)	8/4/2012 12:31:09 PM
From: koan	Read Replies (1) \| Respond to of 23102

I looked the EDV wts over, but am so rusty and out of touch. What struck me was it is steady and a bit out of the money. So one might want to wait for a purchase until they see a clear breakout. As you know when the wts pass though the money they will slow down as time value is exchanged for intrinsic value (so the wts will need to move at greater than a 1 for 1 ratio until most time value is exchanged for intrinsic value), and with so many shares out I don't expect an explosion. You should be able to catch a big move just by watching it. If you buy EDV wts now, the time value is eroding. Time value is not eroding with NGD A wts. I also notice the West African Ivory coast is very dangerous with many civil wars recently, so unstable. Still it could be a good play, but I would wait for a breakout in either gold or the stock and or trade it. I would also get out quick with any big profit.