LCY 0.00% 1.3¢ legacy iron ore limited

legacy signs mou with nmdc ltd, page-15

  1. 10,463 Posts.
    lightbulb Created with Sketch. 735
    LCY 198,877,954
    Ops+Performance shares...etc 100,885,047 ($22.5m approx.)

    to acquire a shareholding of up to 50% in Legacy by subscribing for shares that is 99,438,977 LCY shares

    fully diluted no. of shares: 399,201,978 (if NMBC acquire 50%)

    @13.5c ($13.4m)
    cash: $35.9m
    EV: $18m

    @20c ($19.9m)
    cash: $42.4m
    EV: $37.4m

    @25c ($24.9m)
    cash: $47.4m
    EV: $52.4m

    @30c (29.8m)
    cash: $52.3m
    EV: $67.5m

    @35c (34.8m)
    cash: $57.3m
    EV: $82.4m

    @40c (39.8m)
    cash: $62.3m
    EV: $97.4m
 
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