Kenmare Resources - re-rating due soon?

the higher the sp goes the more advantagous the warrants are - esp with the present low premium. eg say now 22p:39p a 50p sp gives rises of 40%:28%, but an sp of 70 gives 130%:80%, even allowing for zero premium. obviously works vice versa on a fall!
so the warrants need time for a good rise.so if all goes well, as we hope, don't really want a bid.
the warrant price v ord price has varied considerably, warrants being more stable, warrants relatively lagging now so went back in y'day & incidentally the trade showed up pronto