Perhaps the best way to look at our own FFX holdings now is to calculate how many LLL shares we’ll individually receive in the event of a post-escrow distribution.
1,181,243,221 FFX shares on issue 210,941,543 escrowed LLL shares held by FFX = 0.178575876034594 LLL shares for every 1 FFX share held.
So roughly 178 Leo shares for every 1000 FFX shares (excluding cash that the West Perth incompetents don’t manage to burn).
Once you calculate your anticipated (new/extra) LLL holding, you can quickly multiply that by the daily appreciating LLL share price to help focus the mind on whatever dribble emerges next from the new FFX cubicle at the offices of “entities associated with Brett Fraser” aka Capital Eraser.
FFX Price at posting:
20.0¢ Sentiment: None Disclosure: Held
