You will have to wait and see what sp there is in the non-gold side to work out the demerger value - one things for sure this is being driven by the gold side where Cook is going - leaving the non-gold side to...
The instos chasing the gold have likely been given 68m shares at $1.48 which has diluted everyone else by 12.9% according to the release so those instos will be likely voting yes to the demerger and will pay $1.48 for doing it - we know they're likely chasing the gold so what happens to their non-gold shares after the de-merger given they will have the same amount of them...
Just speculating but another thought is did the registry need some new blood bought in to get this over the line...
I'm not buying MLX for this right now as even though I would like to speculate on the gold side - I'm going to get caught with a heap of non-gold shares that IMO will be under pressure until everyone else sells out that bought for the gold side...
Personally I'll wait for the demerger and let the instos play their games..
MLX Price at posting:
$1.85 Sentiment: None Disclosure: Not Held
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