RE:RE:The Vacuum CleanerWarrants are call option leaps and are largely for trading not holding to the expiry. Warrants purpose is leverage just like a call. I looked at the B series warrants and they are painfully illiquid.
When a warrant or option is deep in the money they trade more 1 to 1 with the common stock. Time premium is very limited. The A series warrants are significantly below strike but they have better liquidity than the B series and have 32+ months until expiry. The long date expiry gives the warrants value, along with volatility and proximity to strike.
I am quite bullish on Aris and can see the stock over $8 if Gold gets over $2000, which I believe is a very real possibility with the extreme high US dollar. As of Friday, Gold was near breakeven YTD despite the US dollar being up 9%. As the US dollar declines 10%, for example, Gold will be trading 12 - 15% higher than today, hence, $2000 Gold.
For the same money invested today in the A or B series. The A series will significantly outperfom the B series in value with an Aris share price of $8. Based upon reserves, production and cash flow, Aris should be trading much higher than today and should be realized in the next year even if Gold stays stagnant.
I can email you or anyone else on this board my Black-Scholes Option/Warrant value calculator. Just drop me an email to thansen509@gmail.com. You can manipulate share price, time and volatility to see what theoretical values the warrants will be. This model is what all the pros use.