FFX 0.00% 20.0¢ firefinch limited

Lets say that we get one for six in LLLso you have 600,000 FFX...

  1. 5,932 Posts.
    lightbulb Created with Sketch. 906
    Lets say that we get one for six in LLL
    so you have 600,000 FFX and you get 100,000 free shares in LLL
    and you get the opportunity to buy another $30,000 (using max SPP ) at 50c per share so you get another 60,000 shares.
    thats 160,000 that cost you $30,000 or 18.75c/sh
    If LLL lists and runs to $1 which is highly likely you have $160,000 worth of LLL
    and say FFX had run to a $1 and dropped by the 18.75c of value being passed into the new entity... we could see FFX drop to say 80c.
    You have $480k in FFX and $160k in LLL = $640k
    you bought that today at 62c = $372k plus $30k for LLL SPP.
    $392K

    Is that a reasonable return for anyone here?
 
watchlist Created with Sketch. Add FFX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.