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I reckon 1:1 for holders pre SOI doubling, i.e. long termer...

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pier1

838 Posts.

78

09/02/21

21:33

Post #: 50840305
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Originally posted by WoodySpoon ↑

Yeah, that's confusing AF if you haven't followed their story.

I reckon 1:4 shares for the new entity would be a good number for the spin off myself. 200 mill shares for FFX holders.
Obviously the new partner and other investors to get a bunch depending on their input.

The other African mob reckon they'll manage development with only 30% equity finance. Let's call that BS for starters and say 40% equity and 60% debt finance is possible. So maybe we need partner to chuck in say $100 million for capex. What % of the project do we give them for that I wonder?
Lets hope BB is involved in that deal process and sees every $ given away as his own.

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I reckon 1:1 for holders pre SOI doubling, i.e. long termer BGS/MLL
And 1:4 for the newbies

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