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Ann: EGM - Widgie Nickel Limited Presentation, page-33

  1. waynefb
    5 Posts.
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    19/08/21
    22:36
    Post #: 55429065
    I don't read it that way - the prospectus says "1 new Widgie Nickel Share for every 0.923 Widgie Nickel Share held".

    So that means if you hold 923 Widgie Nickel shares (gained from the in-specie distribution say) you could then apply to buy 1000 new Widgie shares. You divide your holding by 0.923, not multiply as you have done.
    NMT Price at posting: 86.5¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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