I imagine the share price will reduce by the equivalent of the new spin off.
NMT current MC = $261M
Let's say the new spinoff is valued at 60M, then we need to come down by that amount so we'd then be $200M.
I'm sure it's not that simple though.
Ann: Intention to Demerge Mt Edwards Nickel Project, page-3
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Last
9.1¢ |
Change
-0.003(3.19%) |
Mkt cap ! $70.01M | |||
| Open | High | Low | Value | Volume |
| 9.4¢ | 9.5¢ | 9.0¢ | $113.7K | 1.230M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 114117 | 9.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 9.2¢ | 157639 | 1 |
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| Last trade - 16.10pm 11/11/2024 (20 minute delay) ? |
| NMT (ASX) Chart |