thanks chinguetti.the upside is about correct according to my...

thanks chinguetti.
the upside is about correct according to my back of the envelope projections.
the x factor is the leverage banda offers the warrant prior to expiry.after being in and out of hdr since the shell announcement when they said they would go with maritania,price of hdr was 8 cents,i dont mind taking the higher risk warrant.
disclosure i own 10% of the 3 million warrants trading.