AZX 0.00% 28.0¢ auzex resources limited

help needed - how many bab shares do i get, page-20

  1. 95 Posts.
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    My rough calculations:

    Cash (march AZX presentation):
    AZX: 1m
    GGG: 9m
    Difference: 8m

    Share price for cash balancing adjustment: (approx.) 0,25 AUD
    GGG transfers 4m to AZX in the cash balancing adjustment
    and receives 16m AZX shares
    Shares on issue after balancing:
    AZX 156m (GGG's holding 26m = 17%, other holders 130m = 83%)
    GGG holders will receive 58,5% of BGB
    AZX holders will receive 41,5% of BGB
    GGG's part of BGB is commensurate to 170m GGG=BGB shares
    AZX's part of BGB is 120m BGB shares (only the non-GGG holders = 130m AZX shares) > 130m AZX shares = 120m BGB shares > share ratio 0,92

    yesterday: GGG 24,25 GBp = 36,13 AUD
    36,13 x 0,92 = 0,33 AUD

    Greeting from Germany
    koga

 
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