RE: RE: BMO UNLOADS 400,000 AAB.WT @ $"A call is the right to buy a stock at a certain price within a certain time frame and that is EXACTLY what these warrants are."
WITHIN a certain time frame, eh? Guess you can exercise those warrants at any time, lol....
I'm not short any warrants - if anything, I'd be long. My brokerage doesn't allow electronic trading of the warrants though, and I certainly don't feel it is worth placing an order over the phone for them.
If I thought they'd ever finish in the money, I would - but I HIGHLY doubt it, let alone your $2.00 pipedreams.
As a trade, they look like a fine play - implied volatility appears to be ~70% which is low compared to the historic volatility on AAB common.
But to think that they will finish is the money is borderline delusional.
You can talk about NAV all you like - isn't it obvious by now that we're not going to trade on par with it? Let alone a PREMIUM to it?!?!?
Except for Crocodile Gold now, AAB's investment are largely illiquid. Look at Sulliden - if we tried to liquidate our 11+ million shares, how much coud we REALLY get for them???
If we liquidated everything (including the gold royalty) I surmise we could get at least $.70 a share (which is why I still own this POS). Management, however, seems content with issuing themselves paychecks each quarter along with millions of options at $.12
Meanwhile, Stan Bharti continues to use Aberdeen to fund whatever new Venture exchange shell game he is working on at any given moment....
F this dead money stock and dead beat, corrupt management.