In good bull markets like 2008-2011 after the financial crash, there were hundreds of 5-baggers and even 100-baggers, making warrants an excellent hedge, whereas in bad markets warrants hurt you far more than financings without warrants because flippers have incentive to sell shares and retain warrants.
causalpending
Speaker
LukeEvidence Quote
“I made an overview yesterday um of the 2008 n uh 10 11 years after the crash the financial crash and uh some there were like hundreds of of 10 beggers um or even 100 beggers there were hundreds of five beggers so in those years having warrants is amazing in bad years um they those financings hurt you way more than financings without warrants”
Source
The Biggest Problem With Junior Mining, the Story of a Mine Builder, and a Different Copper Porphyry— Resource TalksCreated: 8/13/2026, 4:56:03 AM
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