Thanks peterlip. Disclosure. I hold a very large number of UNTOs which, although looking grim, STILL have 111 days before they expire.
I would have struggled to have converted them all in any case, so, I see the UNTOA's as a very compelling substitute.
At these lower prices, I have actually purchased more UNTOAs on market than I had UNTOs. And for a fraction of the cost of needing to exercise the UNTOs. And all that news in the next 2 years look like being very positive for the ords. I've taken them as being a very unexpected consolation if I was to lose all my UNTOs. I also hold a solid base load of the ords. I am a LT holder.
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