The SP should be governed by the outlook for AGO and the premium on market for the options.
So if options trade at 2 cents + 7.5 c = 9.5c
With 3.6 B shares on issue + a potential extra 3.6 B when options exercised it will need some good profits to give a decent return.
I think I'm seeing this right, but correct me if wrong.
Cheers
Riv
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