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THE INVESTOR'S GUIDE TO WARRANTS:

Capitalize on the Fastest Growing Sector of the Stock Market, Second Edition (Hardcover)
   by Andrew McHattie   Rating: ISBN-10: 027303751X

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Warrant Symbol -
Number  Trading - 630,000
Expiration Date - January 8 1996
Cusip -
Exercise Price - $21

Warrants Called to Trade News:



1992-01-07 08:07 MT - Warrants Called to Trade

Purchase warrants will be listed for trading at the opening of business January 7 1992.

Amax Gold closes Fort Knox deal

1992-01-07 09:40 MT - News Release
Also News Release (FX) Fairbanks Gold Ltd
The company has consummated the share exchange offer to the shareholders of Fairbanks Gold Ltd and the merger with Gilmore Gold Inc which gives Amax Gold ownership of 100% of the Fort Knox project, 15 miles north-east of Fairbanks, Alaska. Amax Gold issued approximately 12.9 million shares of common stock and 4.0 million warrants in exchange for this property.

Shareholders of Fairbanks Gold tendered in over 96% of the 14.4 million fully diluted Fairbanks Gold common shares to the offer which gave them two Amax Gold common shares and one Amax Gold warrant for every four shares of Fairbanks Gold. Gilmore Gold shareholders received 6.3 million shares of Amax Gold common stock and 630,000 warrants as a result of the merger.

The warrants have a strike price of $21 and expire on January 8 1996. They will trade on the American stock exchange and the Toronto stock exchange.















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Warrant Terms
  • Expiration Date: The last day the warrants can be exercised. If warrants aren't going to be exercised then they must be sold the day before the expiry date. The longer the time to expiry the more valuable the warrants.
  • Leverage: A measure of how much you can increase your exposure to a share if you bought warrants instead of making a direct investment. It is the current share price divided by the current price of the warrant.
  • Intrinsic Value: The difference between the exercise price and the actual trading price of the common stock. Once the common has gone over the exercise price, the warrants are "In the Money."
  • Volatility: The higher the volatility rating, the higher the price of the warrant. Historical volatility is calculated by using the standard deviation of an underlying stock price over a specific period.
  • Time Value: The difference between the current warrant price and its intrinsic value. Interpreted as the consideration paid for the advantage the warrant buyer has over the direct investor.
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