This is my take.
OAs currently are in the money 5c ex + 7c MYGOA sp = 12c FPO sp i.e. no premium i.e. pocket the tvm premium as these should be higher than 7c imo.
OBs demand a chunky premium 14c ex + 2.6c MYGOB sp is 16.6c indicating the 'market' is willing to pay a 4.6c premium for the tvm + the leverage opportunity. The same premiums dont exist in the OA's hence currently, imo they are the better value - i.e at a discount to intrinsic value.
Of course if you are married to the idea this company will be worth 200m one day then the OBs would offer a greater risk reward profile - not saying I dont either btw.
holding strong , page-34
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