hdrwme question for the warrant gurus, page-6

Hi Hooter,

Been thinking that for the last couple of weeks. The run up from 62 cents to $1.40 gives a 125% return and at the time HDRWME was trading around 8 cents as I contemplated purchasing. The warrants have risen more than 400% but have under performed in my opinion as back when the stock was 62 cents they were 29 cents out of the money or had a premium of 29 cents. (8 cents times 2 as they are 2:1 + 13 cents out of the money, exercise price) Now the premium is only 8 cents and with momentum could be worth a punt. My opinion is they are a safer play now then they were at 8 cents as interest in the stock was dismal during the drilling campaign and the market cap was under A$500M.
I'll steer clear and adopt the hold and wait approach with my FPO's as I've done since 1999.

Good Luck

Regards,
xmagx