plenty of good info on options in that link @Robbo57 posted as...

  1. bond00what
    2,190 Posts.
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    19/04/16
    15:14
    Post #: 17544222
    plenty of good info on options in that link @Robbo57 posted

    as for those specific VMCO's
    They're trading at 9c. Exercise price of 20c on 30 Nov 2016. puts total cost of conversion at 29c plus brokerage.
    VMC currently tarding at 31.5c
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    lightbulb Created with Sketch.  Great analysis
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