RE:The PLG warrants have dropped 50% in the last few months ...
It's a classic game of chicken: sellers right now will either be seen as 'smart'.....or 'short-sighted' in the not too distant future, IF, the share price explodes on a series of nice step-outs; a new discovery, or a change in sector sentiment. I'd say the latter scenario would be a suckers bet if PLG was sitting on its cash hoard in hibernation mode, along with the rest of the jr sector (most of it anyway). But with 3 drills turning on a Carlin style deposit, with multiple high grade hits along a potentially substansive structural trend; and the same team that sluethed Long Canyon into a $2.3B buyout position, I wouldn't bet against considerable price appreciation in the short term.
A combination of exploration success, and a shift in sector sentiment, could easily push these warrants waaaaaaaaay ITM.......
Place yer bets.