Assuming I have this correct our capital return by way of NICO shares is equivalent to 1.41% based on NICO shares holding a face value of 20c and our current SP of 39c.
We'll receive 1 NICO share (20c face value) for every 36.29 MLX shares held (face value of $14.15 at 39c each). So a capital return by way of 1 NICO share worth 20c on $14.15 worth of MLX shares is a 1.41% return.
We could see NICO early on with a large number of shareholders with very small share parcels.
I'll take it but it's not worth getting to excited about IMO.
As @Cashmeoutside tin price chart shows MLX is enjoying some very healthy margins at the moment and I may have to eat my words if the tin price keeps this up when I said MLX unlikely to realise a tin price of $60k this quarter.... I'll be more than happy to be wrong.
MLX Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
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