High River Gold Mines Ltd HRIVF

HRG .WT

[chrispars24]

I don't think people understand the warrants. I recommended them days ago because they privatization failed. and I thought there would be a pop to 4 cents...  it took the shares to spike to bring in interest...If high river is bought for ANYTHING under 4 dollars. Warrants are worthless. If high river is under 4.00 by Nov 2010, they are worthless.  Only scenario that works is high river trading over 4 dollars, which is the call of going up 10 times from here and being able to exercise them to get shares at 4.00.  warrants would be priced at 2 dollars then. time value erodes the price every day that HRG is under 4.00. meaning you are taking a chance but getting 2x leverage if you believe HRG is over 4 bucks in a year.. if not then you lose your whole investment. they are a gamble with so many more shares issued. takes more market cap increase to move price