And hey, check out Sandstorm Metals and Energy:
They've turned their worthless bankrupt streams into profitable ones, Nolan Watson is doing even more appearances on TV and in the media, and you all should think I'm a fucking nutjob for having bought 500K of their December 21 US$0.70 warrants because why should they finish in the money anyway?
But to me this is a very sexy turnaround story. Can Watson really turn around SND? After all, SSL did something like a double in six months; would you pay a premium to own a Donner Metals copper stream, a few gas wells, a coal bed somewhere, and a big brother present of a PGM stream?
The thing is, if those warrants can finish in the money, it's equivalent to a $100M financing. Watson's demonstrated that he can get a $200-$300M NPV out of a $100M investment, so strangely, the minute they can get the share price to 70 cents, it's worth $1. It's a bistable system. Freeeeeaky.
My warrants were a gamble, and I understand I can lose every last cent. But it gives me a good reason to follow this really weird and interesting story.