Time to exercise the company option?, page-21

Yes, the oppie expiry date is still 11 months away but you need to consider your own financial circumstances, and not necessarily go with the herd.

I've seen, many times, situations where, 6 to 9 months or so out from an oppie expiry date and the oppies being in play, the head share price starts to decline as the market considers the dynamics, or impact, of all of the oppies being converted (ie, more shares on issues & potentially impacting eps). Many also sell the heads to pay for the conversion of the oppies so by virtue of that act alone, there are more sellers in the market, potentially putting downward pressure on the head price.

Now given that AVL is hot atm, it may be worthwhile considering converting now - i noticed a recent 3B converting a small number of AVLO oppies was issued by the company recently - some holders have obviously started considered converting, now that they are in play.

The AVL situ may be completely different, particularly with a burgeoning commodity such as vanadium - Its popularity and demand may well see the sp continue on its upward trajectory, particularly with good news coming in the next 11 months.

I'd suggest you firstly decide whether you are seriously going to convert or sell your oppies, then, if converting, gather your pennies to pay the conversion price and finally, work out your OWN timing to convert.

Good luck with your decisions.