Jan. 30 at 11:24 PM
$BGL
Made a rudimentary table, but these are warrant vs share profits if
$10,000 of each were bought at today’s closing prices
Essentially, 3,558 shares vs 29,412 warrants
It just comes down to where you think the price will be before 2030 (warrant expiration) - and if your price target is greater than ~
$13.00
Also, I calculated warrants based off intrinsic value with no premium at all - in actuality the warrant prices would be considerably higher (with how much higher depending on how much time before the 2030 expiration there is)…
Also keep in mind warrants can be called if the share stays above
$18 for 20 out of 30 days, but at
$17.50 warrants would already pay 3x more profits than shares
Warrants are a derivative so higher risk and higher reward
Hope this helps