At one stage we were advised that an in-specie distribution was going to occur, 6 months from the Southern Gold Float, and that the oppies would loose ~2c from their strike price.
I was under the impression (I could be wrong) that the people who entered the Gold float, would be entitled to the in-specie when it occured. Will this be the same time when the options will come down to 18c?
I would like to exercise my oppies before end of fin year, however I feel ripped off that they are still 20c. If I exercise the POL oppies will I be entitled to the in-specie instead?
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POL
polymetals resources ltd
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options at 18c and inspecie distribution
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