RE:RE:RE:RE:RE:Thinking It's Time to Sell@Goldbull9
you said:
"Interesting thing is to compare the 1 year low of the warrants compared to the stock. The low on the stock was $4.17 compared to 26.5c on the A warrants. Right now we're at $5.16 and the A warrants are at 28c. So not far off from when the stock traded at $4.17....May indicate more room to fall or may just be someone needing cash. "
-> You understand the concept of time value of warrants?
The closer it gets to exp. date the less they are worth if out of the money.
If Gold is not going up significantly from 1220$/oz, i think the warrants will expire worthless, if there is no really great deal done. i mean reall, good, transformational.
Most underlying assets have trouble. High cash costs ect. pp.
The only assets that do well and according to orginal expectations are the Premier Royalty ones. I was a shareholder if it and wished that SAND never bought them.
Then Premier could cobine with Osisko Gold Royalties (OR.to).
Lets face it:
Yes Royalty and Streaming model is a great. Best place in the overall mining industry. BUT lots of PPl have realized that and competition increased significantly.
Lots of private players now as well. Like Orion mine finance, Red kite and others.
+
OR.to new to the game, with more cash, better team and more credibility.
chrs
teatime