I suppose that the good thing about the options being unlisted is the only way to monetise them is to pay the option price if they get in the money. Listed options can be monetised at any time. They are always worth something whether they are in or out of the money . However they usually do not get converted even when in the money until near the expiry date. Options often trade at a premium to their intrinsic conversion price because of the leverage they represent.
With some luck the conversion price is not very challenging so MEL could see some money come in well before the expiry date.
A BYE in specie distribution with the options out of the money would probably sink them but they were freebies I suppose.
MEL Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
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