"However 2014 is not exactly short time. If this is the route this investor takes then he is a long term investor and is looking for more than $5."

Suppose I have 50 000 $ and want to bet on Noront share price increase, in order that, say, I would at least double my wager.

Why would I buy 100 000 4$ warrants at a cost of 50 cents that have an expiration date, and minimal market trade power, unless I expect (or know) that i) the SP will have a sudden increase so that the WRT time premium rise substantially; ii) the SP will increase -more or less smoothly- far beyond the exercice price (4$) and well before December 2014 ?

If I don't believe in (i) or (ii) above, I will^prefer to buy 50 000 shares @ 1$, and hope that I will sell @ 2$ in a short to mid-term future...

And the risk premium is very high with the warrant purchase as opposed to the share purchase because, added to the lower trade power of the warrants, it has an expiration date, and may lose value down to zero if it remains well under the exercice price... While the shares have very very low probability to go down to zero, and can be sold any day to the minute! So, else this guy is crazy or else he strongly believes (or knows) something...

Don't you think?

GLTA.

BaBe.