BTV 2.33% 21.0¢ batavia mining limited

sorry this is my first journey into options.if the btvoa's are...

  1. 352 Posts.
    sorry this is my first journey into options.

    if the btvoa's are currently at .21 and you have to exercise them at 5 cents and the btv share price is .62 cents i just cant get my head around the conversion?

    if i bought $10k worth of btvoa at .20 can someone provide a possible scenario? cheers
 
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Currently unlisted public company.

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