LCY 7.69% 1.4¢ legacy iron ore limited

all these silly calculations

  1. 941 Posts.
    Please think about this:

    The day the deal is approved:

    1. New company issues 240 million share equaling to 480 million shares in total

    2. LCY (Australian Share Holders) put their 19 million to new pool to invest in new procurements / development

    3. LCY Indian Share Holders add 19 million to the new pool to invest in new procurements /development

    4. LCY New Company effectively 38 million dollars to invest with 38 million asset.

    RESULT 76 million dollar over 480 million shares 0.165 c per share with good prospects in a month's time.

    People were led to lost by assumptions and miscalculations, I am disappointed

 
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