Yes FFX will be purely gold and LEO purely Lithium.
In theory you expect FFX should fall by the amount of LEO MC but that assumes FFX MC includes the lithium project. Many posters here state that FFX MC doesn't currently (SP 70cents) include a fair value of LEO MC if any at all (just refer to the 4 separate brokers reports). This is a classic case of the sum of the two companies will be greater than the previous whole, hence the reason for the Demerger. Now if your question is if the SP is say $1.24(from one of the broker reports) just before the allocation cut off date how much will it reduce by? Well then it depends on the various factors at the time making up the the MC of FFX, eg gold price, production rate, interest rates, African unrest, AISC, tax issues, upcoming elections etc.
There is no clarification on how mny free shares you will receive, Probably Jan/Feb 2022 because the new MD will need to sign off
FFX Price at posting:
69.0¢ Sentiment: Buy Disclosure: Held
