VAN 3.85% 7.5¢ vango mining limited

Ann: Partial Underwriting of December 2014 Options, page-2

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  1. 22,120 Posts.
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    these options are 0.8c exercise

    why is someone or rather 2 parties willing to underwrite $500k worth of these at 0.8c when they can just buy that on market for 1/4th the price?

    even if they cant get 0.2c theres plenty for sale at 0.3c which is still a discount of more than 1/3rd that of the options


    very confused
 
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