HEAT is actually kinda like that. It also needs to hit on the right angle. If you fired it at infantry across flat ground it likely wouldn't even detonate. Bounce and keep going. The explosion is directed forwards as well. So unless it got fired at a solid steel pole and there were some dudes standing behind the pole Its not gonna do much to infantry. Even firing from above all that explosive force is directed into the ground. Makes a mighty big hole But the explosion radius would be no different than an HE grenade. Smaller even.
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