No, not 50 cents. My understanding is your cost base will be based on what you paid for LTR shares but proportionate to the 1/11.91 ratio.
Moreover, you retain any halved cost base already existing on LTR purchases on your new shares in Minerals 260.
That's my best work to explaining this but I'm sure others will assist you (and me) too.
Pretty sure 50 cents won't be your cost base.
Ann: Details of Proposed Demerger and IPO of Non-Lithium Assets, page-25
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96.5¢ |
Change
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Mkt cap ! $2.340B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Price($) | Vol. | No. |
|---|---|---|
| 96.5¢ | 275693 | 4 |
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