Sp3 if you are holding a substantial amount then the conversion...

Sp3

if you are holding a substantial amount then the conversion would be at considerable cost plus the value of the option will vary along the trip in relation to the heads due to the timeline

There is no need whatsover to even convert the option, depends how you see your investment i suppose.

But there is definately no reason to convert early with such a timeline

I have just been on to the office and spoken to Adam about this Mandate all will be revealed down the track in detail, but i believe it has been set up to meet an option holder in middle ground that cannot afford to convert the option but will realise a better than on market price by selling that same option on to platinum road
You would be better of ringing the office as i do not want to miss quote anyone

I just thought it strange thats all, anyway my questions were answered, first time i have spoken to Adam seems like a realy nice guy very accommodating

hope this helps