The options look like a good punt with a June 2022 expiry. By...

The options look like a good punt with a June 2022 expiry. By then you would have expected the uranium price to trade well higher and those options could be a 20-40 bagger. But I just read the terms and conditions and the options can be triggered tobe converted once DYL trades above 78c for 20 business days. Another words the options when DYL is trading at 78c would have a residual value of 28c. So the options would be a 4 bagger and DYL a 3 bagger. Risk/reward has to be with the fp shares unless you were confident that management would not be enticed to trigger the conversion clause. I wonder how many option holders realise that the conversion trigger is written into the options? Good for the company to have those terms but not anywhere near as profitable for the option holders as they could be if the uranium market turns full on bull.