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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

Comment by redfoxon Apr 14, 2006 10:24am
233 Views
Post# 10685352

RE: re: Anchorman /monemak/odzie

RE: re: Anchorman /monemak/odzieOdzie; while you may be right on CBJ going to $5 lets hope that it happens soon as those D warrants are only 8 cents in the money and their time value drops every day, so if it gets to $5 say within 6 months, then holding the Ds means you make no money whereas holding the stock you make 20%. Warrants are great when they have lots of time and give you great leverage but funny things happen to them as they near expiry (Ds still have some time to go and lots can happen). I was in and out of the Cs and Ds and am all out now eventhough I said I would hold Cs forever. If it comes back down then I will be back into the Cs to hold for the longer term recovery of this stock; Ds are too short lived for my taste, but everyone has their own particular risk tolerance. Best wishes to all.
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