So let's assume debt to equity is 50% subject to an interested party (equity preferably and/or offtake) coming on board representing an assumed valuation of $300m.
Lithium coy then requires to raise $150m from shareholders and maybe the equity partner at an issue price of say 50 cents.
this basically represents 1 new share for every 2.66 shares held in FXX
Existing shareholders will be given the first right to buy new shares through the prospectus.
Then the balance will go to the public.
I estimate total new shares on issue in Lithium Coy to be around 600 million at 50 cents. Obviously numbers will change depending on the issue price
- Forums
- ASX - By Stock
- FFX
- Ann: Intention to Demerge Goulamina Lithium Project
Ann: Intention to Demerge Goulamina Lithium Project, page-161
-
-
- There are more pages in this discussion • 117 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)