Post by
7Twiggy on Mar 21, 2022 11:55am
B warrants
Anyone into the B warrants. Looks to me like they are pretty well trading at the conversion rate with no premium for the time value. Two years to the expiry date. Looks like a great play if this stock takes off as many expect.
Comment by
RHertig on Mar 21, 2022 7:18pm
I own more in warrants than common. Seems like major value if youbate bullish. Thete should be a discount for dividend but not that much.
Comment by
tsoprano24 on Mar 22, 2022 8:58am
I also own more warrants than common because of leverage. At some point I will probably start moving over to common. IMO, leverage here makes up for loss of dividend on those shares. T
Comment by
7Twiggy on Mar 22, 2022 10:36am
Yea, warrants a little more risky, but you can own 300 warrants for the price of 200 stock. The gain is one third more and one of these days the stock will take off and hopefully we will see some the two years of time value left. Still waiting to see what the company will do with all the gold sales for the last tow months.
Comment by
menoalittle on Mar 22, 2022 1:21pm
>> The gain is one third more Actually, your math sucks... lol. If you own 50% more warrants than you do stock (300 vs. 200), your gain will (axiomatically) also be 50% more. In other words, if the stock goes up a buck, warrants will also go up a buck. Your gain on stock is 200 bucks, the gain on warrrants is 300 bucks. (It's not rocket science...)