Post by
Test1212 on Jan 14, 2021 4:07pm
ORE.WT overlooked?
Orezone warrants (ORE.WT) closed today at ~$0.55 which entitles a holder to own stock at $0.80. With the stock closing above $1.20 today, there is a seemingly low amount of option value in the warrants (~$0.15) considering these expire in 2 years and lots of key events with high volatility to drive stock price higher. Owning the warrants will provide leverage to these events.
Comment by
Jaydcrzy on Jan 14, 2021 4:22pm
I would wait until we bust through the double top of 1.26.. Then those warrants will start selling like hot cakes. I wonder if Jeff hinted to a takeover today because Cannacord sure went on a buying spree end of day.
Comment by
Curbside100 on Jan 14, 2021 5:38pm
like options the spread -especially in Canada can be large ---you need to be alert---I will excercise my warrants when I have at least a double if we get there