RE:glass half full234, I assume you are talking about some other warrants than the ones that are trading.The trading warrants have over two years left and are already in the money to the tune of 3.21. To buy a warrant at 3.21 and use it to buy a stock would cost you 6.09. The price of a GCM stock on friday was 5.09, so it would be costing you a time value of a dollar to play the game with warrants.
IMO GCM is extremely undervalued and a investment in either the stock or warrants could pay off nicely. The only thing I can see holding this play back is the political risk that some see in Columbia. Who knows how this will go, but the company has done an awful lot for the communities and I get the impression Serafino is well regarded by a number of players in Columbia. The fact that he is instrumental in a number of natural gas projects also does not hurt. Wonder if any of the two natural gas projects are close to GCM projects or if GCM will use some of the natural gas. The warrants look interesting to me, however have focused on Demarius warrants now as they look like they could have an even bigger payback.