FFX 0.00% 20.0¢ firefinch limited

Ann: Notice of General Meeting - Leo Lithium Demerger, page-44

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 2,851 Posts.
    lightbulb Created with Sketch. 1312
    Quick back of envelope calculation

    Current MC FFX $1.14B
    LEO MC pre cap raise $732M
    So Net FFX Gold MC $408M
    But FFX retains 20% of LEO $147M so total FFX = $555M


    So if you hold 100,000 FFX you will end up with:
    100,000 FFX shares @55.5 cents
    74,218 LEO shares @ 70 cents

    Plus whatever additional LEO shares you apply for at 70 cents

    But of course as they are both undervalued both shares will likely open higher after the demerge.
 
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