I hold a lot of options and yes if it runs a 2c conversion will be great, however, I see a few holes in your view on the current price of the shares.
Firstly, today's volume 5.38M on CommSec... Hardly a panic sell, in fact a 10% gain on yesterday's oversold position due to exit from holders who were in it for the Zinc. I wouldn't say they are/were weak hands, most likely retail and bot trades.
Secondly, option conversion is always followed up with a 3B and cleansing statement. None have been converted.
My main disagreement with your view is on option conversion. Yes, option conversion can have a negative effect on the SP due to dilution, but you fail to mention the fact their conversion adds money to the bottom line of the company allowing it to continue/expand its operations. Allowing MZN to firm up their potential findings etc
I welcome differing views as it encourages discussion, but coming on here and aggressively going after others with generic facts and a lack of evidence only makes you lose credibility.
Best of luck
MZN Price at posting:
2.1¢ Sentiment: Buy Disclosure: Held
