AVL 4.00% 1.2¢ australian vanadium limited

hmmm... so the ones trying to pin it down at this stage might...

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    hmmm... so the ones trying to pin it down at this stage might actually be doing the holders a favor... some miss out on exercising options = less dilution.

    really depends on the entry point.

    current economics is, still cheaper to exercise rather than buy the heads since they're virtually at par with each other, atm.

    would appreciate an actual calculated demo to illustrate the point of why that may not be.
 
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