Fmd, the value of the option is included in the spp heads price
Spp. 2 heads 1 option=26c
Market. 2heads 1option 24.5 c or 6pc less than the spp. ( Sp 10x2 plus op 4.5c)
Hence the example given is always 2 heads one option. You are buying the same thing on matter how 'you're value them.
The current market value of the option is Err 4.5 no matter where you get it, for free or otherwise.
Are you winding me up?
Tc
Ann: Invictus Energy Entitlement Rights Offer Opens, page-131
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