Shhhhhhh..... A couple of things... 1 cent is too high. 2. A...

Shhhhhhh.....

A couple of things... 1 cent is too high. 2. A discount would need to be applied compared to heads for not exercising. So if SP was 42 cents less 12 cents exercise price less a discount for not converting... therefore Option would likely be trading “on positive results” around A$0.25 range not A$0.30 and worth Zero on less positive results.

Reason 1 cent too high is it is an all or nothing scenario with short expiry date 15 April 2019.

Still believe shareholders who receive bonus options will derisk their exposure by either selling options or heads... proportionally to their holding, so expecting either a reduction in SP or a surplus of Options or hopefully a mixture of both.

Good Luck All