Wado. I've arrived at the office now and just checked.
Yes the options conversion is at 1.8c and they're current trading 0.45c
1.8c +0.45 = 2.25
So with the heads are matching in preopen at say 1.6c is means they're lagging the options by 0.065
Basically optionholders betting big that a large rerate is coming
Vanadium $1.4m EV Facts thread, page-29
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