@flaming The 1:4.3 share distribution is only applicabable to current shareholders, who will be given 48.6% (36.45m out of 75m) of the total Cannon shares. You should divide the current RXL market cap ($94.5m) with 8.84 and not 4.3. The implied market cap of Cannon is around $10.7m.
Ann: Rox to Demerge Nickel and Base Metal Assets, page-43
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Last
13.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $54.97M | |||
| Open | High | Low | Value | Volume |
| 13.5¢ | 14.0¢ | 13.5¢ | $6.584K | 47.76K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 64513 | 13.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 185238 | 7 |
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