Yes. Stay submerged until you're confident you can surface and he won't see you. Report the contact by radio and hopefully some aircraft will be sent to bomb the hell out of them.
There's no way you could have caught up with warships. They're just so much faster than you. You just need to get lucky and end up near their axis of advance when you sight them.
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"When Gary told me he had found Jesus, I thought, Yahoo! We're rich! But it turned out to be something different." - Jack Handey
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