question on warrants I'm new to trading warrants: can someone explain why the FNV.WT.B CA
warrants (expiry 2013) traded at .68 when FNV was around $47, and now it's near it's all-time high it's only trading at .31?
I don't think time erosion explains it trading at a 50 percent discount. Is it a short position? Is it that warrants are more vulnerable to overall confidence in the markets?