Its worth looking at previous appendix 3B's to see how long it takes. Given the absolute lack of 3B's... doesnt look good.
Also keep in mind the oppies has been at a significant discount to the heads for a week now. Everyone and their dog are long the oppies and exercising their calls... imo there will be a tidal wave of selling once those shares are issued.
Still prefer the shares since you can trade in and out!
AVZ Price at posting:
13.5¢ Sentiment: None Disclosure: Held