Further to this ……how’s this for a theory re the MGF options?1....

Further to this ……how’s this for a theory re the MGF options?

1. Magellan will do nothing about the MGFO options and they will look like expiring worthless in a years time.

2. With them looking like expiring worthless and the actual MGF units looking like being free of them the likelihood of Magellan converting them post option expiry increases and MGF units start to get bid up towards NAV in anticipation of this

3. Perversely, the more this happens the more the options come back into the money and start to appreciate. Could the options have a late flurry in the weeks leading up to expiry ?….ie bid up to 5 or 6c (less than half a cent at the moment) because the MGF units have crept up on the NAV?

Not sure if I’ve explained myself very well but I’m hanging onto my (what look like) worthless options until right near the end in case something like this happens.