At the moment mgtod options are at a loss via conversion. Mgtod options are worth it if share rises substantially but there are risks as not far to conversion. If pfs marginal because China putting pressure on Australian by building own mines then risk increases. Then mgtod at risk. Imo better to wait to buy heads as some will sell after conversion IMO.
However i predict a good pfs so might be ok to hold D.
I'm holding points better option and they are serious under water as heads share down substantially (gambler betting on a betting stock)but they is 1.5 years to convert.
MGTOC MGTOD Options, page-242
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