Warrants to buy or not to buy ?Correct me if i am wrong:
I buy 5 warrants at 70c for 3.50, than add the 15.00 i have to pay to get a share of eqx and 0.25 sls. Total cost is 18.50 - correct? Lets assume A target price of 19.50,
I would make a profit of 1.00 plus 40c worth of sls. So, if i buy the eqx share now at 15.30 and sell for the same assumed target price of 19.50, i make 4.20 profit. And i don't have the risk of holding a warrant, which might become worthless, if for some reason the share price does not improve significantly. Anything wrong with this calculation ?