BRI Warrants Better leverageIMHO, BRI Warrants currently offer better leverage than the shares, if the shares continue to keep the momentum. The warrants expiry date is Dec. 31st, 2018. The shares closed today at $1.02, 27 cents above the exerise price of $0.75. The leverage is 2.55 at today's closing prices. On March 31st, when the shares closed at the exercice price $0.75, the warrants closed @ 0.275. Today when the shares closed at $1.02 warrants closed at $0.40 only. Though the shares moved up 27 cents, warrants moved only 12.5 cents. The volume traded in the last two days, totaling almost 1.2m, show the significant interest by investors. The premium price of warrants does not reflect well the time value left.
I am also listing below the 7 Reasons why FutureMoneyTrends.com is Recommending Investors to Consider BRI
- Three flagship-quality gold properties! Plus a top-tier uranium project in the richest uranium land in the world.
- Projects are all in safe jurisdictions: Brazil, U.S.A., and Canada
- Management owns 25% of the company; the 2nd-largest shareholder is the founder and chairman himself, Mr. Amir Adnani.
- It has $2million in cash and NO debt!
- The largest shareholders are Rick Rule, Doug Casey, and Marin Katusa.
- Amir’s last company saw gains of over 2,800% coming out of a down cycle. I believe we are coming out of the current down cycle now.
- Key insider in Brazil, Mario Garnero -- dubbed the most influential man in Brazil -- is a shareholder, on the board of directors, and is chairman to Brasilinvest, the oldest merchant bank in Brazil, who is also a shareholder!
GLTA BRI Investors