SGQ 3.70% 2.6¢ st george mining limited

Im missing something. why would anyone exercise options with...

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    Im missing something. why would anyone exercise options with less than 20 c difference to heads?

    it makes no sense at all to buy and exercise. But i gather some are happy to throw money away?
    Even getting them for free, would still be better selling them and buying heads rather than convert.
 
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