March 23 Podcast

[dan_s]

Direct link to my March 23 podcast: https://www.youtube.com/watch?v=NlMOCOsEr2s

[Fraser921]

I'm watching now. Just a comment on ROK for clarification:

ROK trades on the TSE exchange and US OTC as ROKRF

On the Toronto exchange the symbol is ROK and trades at 27.0 x 27.5 cents Canadian dollars.
There are also warrants to buy stock at 25 cents Canadian. So they are already "in the money" ROK.WT 6.5 x 7.5 cents
In the US the symbol is ROKRF and in US dollars about 20 cents. (27.25/1.36) = .20 cents

Dan,s TP of .64 cents is in US dollars. Adjusted for the exchange rate 1.36 is (.64 x 1.36). 87 cents Canadian and if that plays out over next year the warrant that are going for 7 cents now would be worth 62 cents (87 less 25 cent exercise price)

7 cents to 62 cents is 9 x , down side is the cost of the warrant of 7 cents >> I like the risk reward.

Obviously this forecast assumes firm oil prices and execution and expansion on valuation metric

Interesting opportunity and I'm in on it.

[ChuckGeb]

Are the warrants only traded on Toronto exchange or are they available on US?

[tlengoc]

The warrants are only traded on the TSXV.

[Fraser921]

I can buy them thru Interactive Brokers