RE:anybody else see value in B warrants?I agree with Coast's assesment at this stage they are like a lottery ticket. I still hold the B warrants so I could be considered a bit biased. Please take my comments as you see them.
Here is my rationale why I hold the Warrants:
#1. At a $0.35 share price these Warrants are now in the money.
#2. There a good chance that the Share Price will exceed $0.35 between now and May 2014.
#3. For the stock price to increase, I base it on the near term catalysts of La Casona 1, La Casona 2 showing oil and getting a 2014 Drilling Program
#4. The warrants should in theory, be directly leveraged to the stock price, not factoring in the time value of money (ie. you only have approximately 5-6 months to make money on this investment). In the last 2 weeks the SP gained 15%, while the warrants gained 20% based on a 1 cent gain.
Conclusion: Warrants are risky, but a cheaper way to leverage the PTA story. I have been holding the warrants since 2010 and are considered my "Mad Money" If you want less risk you are better off buying the stock itself.