It's at basement price
Gives you exposure to the company without paying the full price of the share, e.g. you want 1m units
HDY @ 0.005 x 1m = $5000
HDYOC @ 0.001 x 1m = $1000
The strike price is 2c and you have until 30/4/20 to convert, making your total cost 2.1 /s. Alternatively, you have the added benefit of being able to trade the oppies
Ann: SRK concludes High-Grade Vanadium Mineralisation at Nelly, page-61
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