TSXV:AUN.H - Post by User
Comment by
billioncubicfton Dec 05, 2012 6:33pm
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Post# 20689544
RE: RE: RE: Warrants
RE: RE: RE: Warrants Abe was not talking about what you paid Checkmate. I believe he meant here and now with less than a year remaining.
With a current price of .40 and assuming AUN is at $2.00 in November 2013 the shares would still be a better bet allowing you to sleep at night. The warrants which would require an all-in cost of 1.40 The time premium is of course going to begin decreasing once we hit the summer of 2013. I agree with Abe, the warrants are not a screaming buy at .40. Warrants should reward risk and return a significant premium over the stock. With less than a year remaining ...the shares need to get over $2 to make the risk worthwhile.
Of course if they show us that they can get shafter to full production ... lol, then I'll prob. be buying warrants myself. Valuations below were as of Nov. 29, from Preciousmetalswarrants.com