TMT 0.00% 26.0¢ technology metals australia limited

Yes, you are buying a share option which can be converted to a...

  1. 263 Posts.
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    Yes, you are buying a share option which can be converted to a FPO share for the strike price of 40c at any time until the 2020 expiry. As the name name implies, you are not obligated to convert the option to a FPO however if you do not then your option will become worthless after the expiry date.

    Options usually don't carry any voting rights etc because you are technically not a shareholder.
 
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Currently unlisted public company.

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