High River Gold Mines Ltd HRIVF

warrants

[thinker1951]

Are the warrants worth anything if hrg is taken over lets say at a $1 sh by severstal???

[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

[thinker1951]

Thanks for your input. I finally have an answer to the fate of the warrants if a deal occurs. Their isnt much time left on them and the strike price is at $4 so unless a deal goes thru the warrants will likely expire worthless.

[1marketmaker]

[NaturalCurrency]

Sorry - deal with whom and at what price?

[thinker1951]

I'm assuming Severstal the cheap scheming russian majority owners  and at $1-$1.50 isn't that what the minority shareholders have held out for???

[1marketmaker]

You do not understand my friend.  If a deal is made to sell out HRG, the warrants WILL be re-priced as part of the deal, and they fall INTO THE NEW ENTITLY or purchasers domain.  Tye warrants DO NOT DISSAPEAR.  So anything can happen to them.  This is why I like them,.  You do not have to.  But as I was buying hand over fist at 1.5 cents and 2 cents a month ago, your