a price of 60 U.S. cents at any time(the Arbs must be all over this one)
I just posted this in reply on the SSL.WT Warrant Board. Someone wanted to know if they had to wait. And just for fun I thought I'd add some calculations I've been doing. It shows a way to Buy SSL at a Discount of about 6 Cents, first a paste of the post I made
That's up to you, see here and DD yourself, its easy:
(unbelievable, but a way to buy SNDXF cheaper, since the past Premim of13 to 20 cents vanished and now Below a Par Strike ??? go figger )
Further to the TSX VentureExchange's prospectus -- unitoffering bulletin for SandstormResources Ltd. dated April 27,2009, and property-asset orshare purchase agreementbulletin dated May 15, 2009,effective at the opening Friday,May 22, 2009, 58,454,790warrants of the company willcommence trading on the TSXVenture Exchange. The company isclassified as a mineralexploration/development company.
Corporate jurisdiction: BritishColumbia
Capitalization: 58,454,790warrants are issued andoutstanding
Transfer agent: ComputershareTrust Company of Canada
Trading symbol: SSL.WT
Cusip No.: 800132 12 8
The warrants were issuedpursuant to the company'sprospectus dated April 16, 2009.Each warrant will entitle theholder thereof to purchase onecommon share at a price of 60U.S. cents at any time prior to5 p.m. (Toronto time) onWednesday, April 23, 2014,subject to adjustment in certainevents.
For further information, pleasesee the company's prospectusdated April 16, 2009, availableon SEDAR.
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Now the fun with Numbers, Please feel free to add, correct, etc., some "ballparks" in here but bent the other way:
.60/USD = 0.58/Can (actually 0.57.5 Cents but I'll bend towards "at least")
currently SNXXF in Canada is 0.87, 0.29 above the 0.58/Can needed to Buy SNDXF
SSL.WT (2014) High Today =
.90,
.9355 in the US, so you can see that about 4% is rightfully calculated in
or you can just outright Buy SSL @ $1.46/Can
[ with a bonus of "And a quarter pound wedge of Facciamatta's Mozzarella Cheese."
a Jackie Gleason great one-liner ]
or SNDXF @ $1.6029 <<High Day
the CanDo is 4% to 5% more than $1.00/US = $1.045/CanDo
SNXXF the US Warrant High Day =
.9355, 33.5 Cents above the 60 Cent/US Strike
taking 93 + 60 Cents US = $1.53 a full 7 Cents Less, about 5% Less to Buy Sandstorm
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the past "norm" would see a price of $1.01 to $1.08 for the Warrants [12 to 20 Cent Premium above the 88 Cents Higher than 60 Cents/US ]