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4.88%

7.8¢ neometals ltd

Ann: EGM - Widgie Nickel Limited Presentation, page-14

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103

18/08/21

20:36

Post #: 55396871
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Originally posted by waynefb: ↑

Why don't you read the prospectus. It's in there. You don't need to spend anything on the demerger. You will get, gratis, 1 widgie share for every 4.218 NMT shares you own.
And once that's done you will then have the opportunity to participate in a non-renounceable pro rata entitlement offer of Widgie Nickel Shares at an issue price of $0.20 on the basis of 1 new Widgie Nickel Share for every 0.923 Widgie Nickel Share held.
I'll do the maths for you - say you have 10,000 NMT. You will get 2370 Widgie shares for free.
You can then apply for 2568 Widgie shares in the entitlement offer at $0.20 per share.

I don't know why I'm doing this. The more people don't understand the better for those that do!!

DYOR never applies as much as it does in this example.

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Shouldn't your example be 10000/4.218 = 2370 free shares and 2370 x .923 = 2187 entitlement shares. Happy to be corrected though.

NMT Price at posting: 80.5¢ Sentiment: Buy Disclosure: Held
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Last 7.8¢		Change -0.004(4.88%)		Mkt cap ! $48.61M

Open	High	Low	Value	Volume
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Price($)	Vol.	No.
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2	55000	0.072

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0.079	130343	2
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