Equinox Gold Ord Shs T.EQX

Warrants

[VanCityTrader]

Any thoughts on warrants? I am holding some I bought at 78 cents and $1.08 (I think).

Someone is really trying to hold this MOFO down.

[Captaincommodit]

The price of warrants is a pretty good asymmetric bet given the fundamentals but again fundamentals dont seem to matter in this market anymore.... I am hoping for a rerate in Feb once year end results come out. EQX is literally prinitng money, if this doesnt move the stock/warrant price up dont know what will.

[Bottomfisher]

Warrants are always a risky business unless you get them for free. simple calculation : you need 15.00 plus cost of 5 warrants to buy one share come october when the warrants will expire... current shareprice is far away to make that a profitable trade.

[Captaincommodit]

Definitively but the game is that gold wont be this low for the entirety of the next 10 months. EQX was almost 17cad in Oct and they had lots of positive developments since then. Ofc what the price should be and what is are diff things. You are also missing the minor Solaris resources kicker that comes with warrants. 20 warrants will get you a Solaris share (currently $6) included in the cost. I