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  1. sm1
    32 Posts.
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    They will have an expiry date of 30 June 2020 as per section 6.2 of the Entitlement Issue Prospectus. If you choose to you can exercise them straightaway by paying 2c a share and you will receive an equivalent amount of BMZ shares. However, you can also hold onto them as they will be tradable for the next 2 years under a new share code, similar to AVZO, ASNOB, and many others, most likely BMZO I would think. This new share code will have its’ own buy and sell queue, etc. I have found the options have the potential to make more profit than the heads when the SP goes up, so I tend to hold onto them and also tend to buy them more often than the heads.
    IMO and DYOR, etc
 
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