Ann: MGU progresses towards DSO, page-123

G’day all.
I find it interesting that oppy holders are happy to sell at a discount. Seen this with a few juniors lately. Oppies should trade at a slight premium for the time value. So at 5c, they should be 14,5/15. My theory is that MGU holders who get the oppies for nothing, are happy to take a discount to lower their overall cost, or take a profit, which is fair enough. Bit silly & lazy imho. All they need to do, is sell the same number of MGU as they hold in options at 19, then convert that same number of options at 5c. Thus locking up an extra 1.0c per option in the process, ending up with the same number of fpo’s. Just giving away free money.
once all those in this position have sold, I’d expect the oppies to trade at that premium. I bought oppies as it gives me more bang for my buck. If the oppies don’t trade fair value or premium in say 12 months, I’ll simply excessive the oppies,
cheers,
ned.