CYM 2.22% 4.6¢ cyprium metals limited

If ARXOA exercise at 3.6 cents then why are 0.9 cents if the...

  1. 263 Posts.
    If ARXOA exercise at 3.6 cents then why are 0.9 cents if the current ARX share price is 5 cents?

    Looks like easy arbitrage to me... Or am i missing something?
 
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4.6¢
Change
0.001(2.22%)
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4.5¢ 4.7¢ 4.5¢ $93.52K 2.061M

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6 1020389 4.5¢
 

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Price($) Vol. No.
4.7¢ 498054 6
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