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330 Posts.
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14/09/17
10:56
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Just in case anybody here is not aware...
BLY's BLYO warrants operate like American-style options.
Right now you can buy the warrants on the market for 0.008c, then turn around and exercise them by paying 0.021c to the company.
Your cost per share via warrant exercise is therefore 0.029c.
Right now you can sell the shares on the market for 0.036c each.
Low risk 0.008c profit of over 27.5%.
Silly to sell the warrants down here IMHO.
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