General discussion, page-1012

"your allocation in FFX won’t change but in LLL you may only get 1/5th or 1/10th of what you own in FFX post demerger ..."

That is just not correct.
I gave an example of how it will work in this post earlier today 57791500

IMHO the market gives the Lithium side of FFX a higher value than the Gold side, but just for a moment consider it's 50/50

Our present market cap is $640m, using 50/50 that values Leo at $320m
Assuming it is floated at that price
The company keeps 20% ($64m) maybe up to 5% ($8m) is raised in the IPO

That leaves $248m to be divided amongst FFX's (pre SPP) 930m Shares on Issue

You'd come out with 26.5c worth of LLL shares for each FFX share you owned (which is not 1/5th or 1/10th of our current 68.5c)

Of course we may raise more than $8m, however I think by Jan/Feb next year when this is done LLL will be worth a lot more than $320m

FFX will drop in price, the whole idea of the demerger is that the sum of the parts are worth more than the whole, so in the above case it shouldn't drop by more than 26.5c.