Share your f’casts: First day prices: FFX-gold and LLL, page-14

It really is a shame that the demerger wasn't done on a 1 for 1 basis (1 free share of LLL for every 1 share of FFX held).

I think there will be a lot of people who fall into the trap of thinking that LLL will start trading at the IPO price of 70c so that means that FFX should be 95c - 70c = 25c.

The 1.4:1 demerger ratio means that at a LLL IPO price of 70c, FFX shares should fall by 70c / 1.4 = 50c today and trade at around 45c.

Given that the market isn't rational though, I suspect we'll see some pretty wild trading as many investors only here for the lithium dump FFX at any price.