Ann: Response to ASX Price and Volume Query-WOF.AX, page-10

Wot.

With the exercise price still a zillion years away, there will always be a chunky premium baked into the price.

I refer again to 88E. Their options are convertible in Mar 2018 (4 months before ours) and they usually trail the heads by about a cent.

88E heads now 4.8c with the options 3.8-3.9.

Fair value for ours right now, must be close to 1.5c+ while the heads are 3.2 I would've thought....but that's just my opinion.