Hi the warrants are priced this way to make them look like a low leverage into the Hardman Drilling in Mauritainia . They are a Cheap exposure and the upside is very good on the success that I Expect . The Downside is that you will do ( Lose) your MONEY I purchased some HDRWMBs today because this series will cover maybe 3 wells . It will be very nteresting to see the Share Register and see how many shares Macquarie Bank Has They have written a big truckload of options I would like to see them caught short but i think they have been covering their ars-e by buying the shares also
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