New Gold Inc T.NGD

Alternate Symbol(s): NGD

New Gold Inc. is a Canadian intermediate gold mining company with a portfolio of two core producing assets in Canada, namely the Rainy River gold mine and the New Afton copper-gold mine. The Company also holds other Canadian-focused investments. The Company is engaged in the acquisition, exploration and development of natural resource properties. Rainy River is a gold mine located in Northwestern Ontario, Canada, approximately 65 kilometers (km) northwest of Fort Frances, Ontario. The New Afton mine is located approximately 10 km west of Kamloops, approximately 350 km northeast of Vancouver, British Columbia, Canada.

TSX:NGD - Post by User

New Gold Inc

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Post by sellpubson Nov 09, 2010 4:56pm

627 Views

Post# 17683054

WARRANTS

Ok so with the B anc C warrants, they are 10:1 ratio. So for every 10 warrants purchased you can get 1 share if you choose to exercise.

I'm more interested in trading the warrant, however, by what amount does the warrant change with a change in price once they are in the money. If NGD passed $9, then the C warrants are in the money, but with a 10:1 ratio does that mean the warrant will go up .10 for every $1 NGD goes up?

Is that how it works?

Thanks

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