RE:RE:RE:RE:RE:RE:RE:RE:RE:149,687 ozs produced in 2016. Financials should be very goodYour math is right for the 2018 debentures. But if a mere 20000 were bought (for considerably less than US$20000 the price would be bid up to 69 - where a block of 20000 is offered. At that price the conversion is $0.118 cents per share. Any meaningful arbitrage opportunity requires a share price well over 12 cents to be attractive.