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2,851 Posts.
1312
29/04/22
10:10
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Quick back of envelope calculation
Current MC FFX $1.14B
LEO MC pre cap raise $732M
So Net FFX Gold MC $408M
But FFX retains 20% of LEO $147M so total FFX = $555M
So if you hold 100,000 FFX you will end up with:
100,000 FFX shares @55.5 cents
74,218 LEO shares @ 70 cents
Plus whatever additional LEO shares you apply for at 70 cents
But of course as they are both undervalued both shares will likely open higher after the demerge.
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