High River Gold Mines Ltd HRIVF

RE: warrants

[1marketmaker]

The reason I really like the warrants is because ANY transaction must take into account the relative value of the deal, and the warrants can either be purchased to retire in the deal it or they MUST be placed into the deal, so it is given a new calculated strike based on what the offer was, and the stock price of the assuming company.   Simply becuase of how beaten down HRG is, I see the biggest upside for the warrants.  When HRG gets to $ 1 and the warrants go to 35 cents, then that is a 700% upside for the warrants versus a 45% upside for the stock.