RE:RE:RE:warrants AThat's a different warrant (WRLG.WT 5/16/26 1.00).
Warrants A (WRLG.WT.A) are the ones that came with the 'gold linked' Units: Each whole Warrant entitles the holder to purchase one common share of the Company at an exercise price of C$0.95 per share until March 19, 2029.
Right now the warrants trade at about 38 cents, so .38 + .95 = 1.33/share if you exercise.
I have traded many warrant issues in the past but have never exercised any. Made huge money sometimes and lost huge money other times. The leverage can be great for a much lower investment, because the price of the warrant is a function of the price of the share, but much cheaper.
But these warrants are 50% of the current share price - they seem pricey and are way out-of-the- money. At the opening price of 13 cents on Sept 9th, a good buy obviously because they have tripled.
Just as obviously, if WRLG went to 2 bucks, you'd be way ahead even at 38 cents for the warrant.