Stanley ,Macquarie warrants.I believe that Brigus has 3 groups of warrants.In july 2008, 500-000 warrants exersisable at 2.60 Can for 4 years.In Dec 2008, 5.33 million warrants at .884 Can and than 5.8 million warrants in Feb 2009 excersisable at 1.008 Can. So the last 2 groups are in the money. However, if they exercised the warrants, could Brigus pay down the loan and thereby reduce the hedge?MLB stated that they intend to hold the common shares and warrants for investment purposes.The lifetime for the warrants are 4 years from date of issue i believe.The number of warrants are the Apollo warrants issued divided by 4.So if MBL exercised the warrants, and the proceeds were used to further reduce the loan and hedge it would still be an advantage for Brigus Gold i think. Please correct me if i am wrong.DYODD. My musings only.Cheers to all. Josa.