Yes, I believe that BIMB  will goreng up to $2++ by December to allow the warrant holders to convert them.....yes BIMB definitely wants to collect the  extra $160 million as it's funds. If it's less than $2++ by December, nobody wants to convert their warrants & BIMB will be the SOLE LOSER.....so to get the best out of it's issued warrants, BIMB needs to goreng up to $2++ to make it worthwhile.....so isn't this the sensible thing to do with having to gain the extra $160 million cash without having to borrow  $160 million to use as working capital......just my 2 cents worth.
PS.....yes, the extra FREE $160 million to collect  will come  in handy as it's working capital without resorting to borrowings......correct me if I am wrong please. .......just take the recent E&O warrants as an example...last minute goreng up higher it's mother share to allow the warrants holders to convert......YES, I bought plenty of E&O warrants cheap [ 1 or 2 days earlier before ex date] at that time & am converting them
Cheers to all......good luck too to all the BIMB investment holders here......btw, if you have extra cash, do top up on BIMB now please as you might gain extra profit by December 2011.