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20.0¢ firefinch limited

Ann: Intention to Demerge Goulamina Lithium Project, page-186

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3,757 Posts.

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09/02/21

17:04

Post #: 50833993
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Originally posted by JungleJim1: ↑

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

Expand

ffx shareholders will NOT necessarily be given any preference in buying any new shares

sometimes a spin off does give preference, sometimes it doesn't

so if investors want to guarantee their part of the IPO from the very start, better buy FFX on market

the rest we leave up to the Doc and his advisors
more info tomorrow.

FFX Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
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