PEN 5.11% 8.4¢ peninsula energy limited

It doesn't seem right that in the event of a merger you would be...

  1. 231 Posts.
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    It doesn't seem right that in the event of a merger you would be forced to exercise option at full price years in advance.
    Looking the the recent MRO/UKL merger (this last week) :
    "Monaro will also make private offers to
    exchange Uranium King’s unlisted options at the ratio of 0.48 Monaro shares for each
    Uranium King option."
    So it looks like a conversion from UKL options to MRO shares at ratio appropriate to market prices at the time, with no exercise payment required.
    Admittedly these are for 2m unlisted options...maybe different situation.
 
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