Hi,

I thought I was going steady with Aurelian but she suddenly left me never to return. She wrote me a final Dear John note saying that she set me up on a date was her ugly friend Kinross. Oh well, maybe Kinross will do things for me that Aurelian refused to do. ( like make me some money).

Anyway, I have been trying to find out as much about warrants as I could. There is a site that I found that lists current warrant prices.

http://canadianwarrants.com/values/c...

This site also has a archived sheets at the top under Warrants for every week going back a to Dec. 2006. It is interesting seeing how warrants for various companies have performed over time as the stock price changes and the exercise date draws near.

From what I gather, it seems as we may be in decent shape with our Kinross warrants. As of end of yesterday, the site calculates our warrants K.WT.C as having a fair market value of $11.28 although they are trading at $2.75. Hopefully this is because the warrant is new and trades at low volumes. Kinross has/will issue millions of warrants so I hope the trading volume will go up. Although the strike price is high at $32.00, the value of the warrant is given a boost because of high volatility and a far off exercise date of September 3, 2013. To my amateur eye, it appears that a nice jump in K share price into the $20+ range cause within the next few months would cause our warrant price to go way up, maybe even double. The downside is that since these warrants are time sensitive, it appears that any warrant that isn’t at or near the strike price within a year of the exercise date becomes nearly worthless.

I have a question. Has anyone out there made money on warrants? If so, where do you think the sweet spot (time wise) will be for getting the maximum value out of warrants?

Thanks to all former ARU posters and current K posters,

Big Red.