I think we need an option price more comfortably "ín the money" first. I can't see this happening under a 1.2c head share price. Agree that these exercised funds need to be factored in and at some point early conversion can happen.
If July is a good month (SP goes to 1.2c), and as you say, the company calls options.... Hold on to your hats. Hope you are right.
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I think we need an option price more comfortably "ín the money"...
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