AVL 4.00% 1.2¢ australian vanadium limited

AVL PFS?, page-28

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    [1] at least one post questions the above arithmetic, but I certainly the difference between head and option is sometimes greater than the conversion cost of 2 cents, making option purchase the way to go.

    [2] gauging how head and option prices affect each other is an art (sometimes perhaps a black art); we have heard the "dragging down" mantra recently, but this is only one half of the story and I leave the reader to guess the other half.

    [3] "immediately converting"?? - why hurry? the final cost is locked in and all one needs to be cognisant of is the deadline for conversion, which is the 31st; there is the added bonus of delayed payment, but the downside of the one year tax horizon being later.
 
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