we talked about this on LSE before LJC, if I had the warrants and a Chinese giant asked me for em, I might be inclined to keep them for myself 
the usual alternative to explorers who are at an advanced stage is either a farm-in/offtake type arrangement
once they are producers debt financing is easier to obtain
which is why explorers tend to rely on equity financing
atm they are 'dead weight' once we start processing they are worth something - that's how a debt financer would see it anyway I think
twill be easier to borrow against them once we are monetising them
depends whether hunan want a stake or an off-take agreement really doesn't it
they must have had a reason to exercise them anyway
MA could have said he wouldn't extend the rest unless they exercised some - just a guess
aye, be interesting to see one. schaden was wondering about the ratio of II's to PI's