MAN mandrake resources limited
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It will cost the drilling company 30c to convert each option...

  1. Charles07
    199 Posts.
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    29/06/21
    19:25
    Post #: 54155477
    It will cost the drilling company 30c to convert each option into an ordinary share.

    The share price would have to be much higher than 30c for it to be worthwhile for them to do so.

    So why would they convert them now when they can buy on market for half that price?

    They must really like what they see and be confident of a much higher future SP for them to accept options as part payment.

    Of course DYOR and this is my opinion only.
    MAN Price at posting: 14.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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