When the warrants first came out I was all for topping up which i in fact did. To me at 56 cents average they were too cheap ,but some clown had a modle that showed that they were only worth 35 cents,or was it 33 cents. The lowest they got was 44.
In any buy back the warrants gain as they then gain in future % holding,hence value.
See the other week a director sold heads and bought warrants,as per notice.
I still haven't worked out where the recent surge was TPW or Whenuapai expected releace this month.Quess they overran themselves as are coming back to reality.
With Christmas this is the worst month for stock,but Jan is the best on long run averages.