LOL. I first mused that some oppies could help fund them forward and you freaked out with your optionality argument. Maybe a couple a terrible brokers would think like this. Certainly someone who's done an online course in the stockmarket could get passionate about such things but shareholders in west aussie gold specs is not dominated by risk adverse optionality advocates like you.
For instance, a lot of those conversions we just saw would have been close associates of the company getting excited by the story and wanting to fund it further (without TRL having to pay 5 % for some numpty broker to do it)
And f/pd shares will always have inherit rights and value that oppies Never get . Cool stuff like votes, Liquidity, capital management schemes divys, liquidity and liquidity etc. The 2 thirds not converted here were due to the lean 1 for 11 entitlement not making it worthwhile - not Optionality theories washing over the mums and dads who own this stock. If it was a at 1 for 2 offer and it would have been very different.
By all means berate me with your textbook but my instinct got backed by 550k. Lets call that The Value Of Humanality
TRL Price at posting:
11.0¢ Sentiment: Buy Disclosure: Held
