Raks
You mention:
"as they are going to issue a INR option to replace the GUJO option, money to convert doesn't really come into the picture!"
Well it does really, because the INRO's will have to be converted in Jan for 27 cents.
So all the oppie holders get is one month extra to come up with the cash & no ability to trade in that month.
I think that everyone is standing aside to see just how strong INR share price is ... once that is confirmed expect to see the discount disappear. Until then seems like a good deal for those that have confidence in the future of the coal threesome
cheers
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