options future, page-3

You can convert as few or as many as you like, and you can convert now or anytime up until expiry. But its impossible to justify.

Why pay 2.5c for something worth 0.3c?

Let them expire and buy the heads seperate transaction.

Hopefully they find a new project soon. And hopefully they dont bite off more than they can chew. A simple 30% WI is fine.

Fury and a new project, combined with more Sage presence and cleanout of existing can still drive the shareprice. Unfortunately it will take some effort for many of us to break even now.

But for a new investor, 0.2c must be tempting. Not a bargain. But tempting, if not long term, then atleast for a quick trade on the back of a new project.