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RED EAGLE EXPLORATION LIMITED V.XR

"Red Eagle Exploration Ltd is engaged in the exploration, development and permitting of mineral properties. It owns the California Gold, Vetas Gold and Santa Ana Silver projects."


TSXV:XR - Post by User

Post by Bobb999on Nov 06, 2006 1:17pm
311 Views
Post# 11625297

CBJ Warrants Disappointing

CBJ Warrants DisappointingI have CBJ "C" warrants, and although they've appreciated somewhat since the IAMGold takeover announcement, they have not performed anywhere near as well as CBJ shares have. Normally, warrants give you added leverage, whereby when a stock goes up, the corresponding warrant goes up by a much greater % than the stock - not in the case of takeovers, it seems! I notice the CBJ warrants will turn into "economically equivalent" IAMGold warrants - without the premium paid on stock shares. Argh. ...Fortunately, I also have CBJ shares I've owned since before the announcement. Thankfully, those at least, are going gangbusters.
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