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12.0¢ firefly resources limited

Ann: Planned Demerger And IPO - Non-Core Oakover Manganese Asset, page-12

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Bullish786

2,043 Posts.

255

18/12/20

19:43

Post #: 49692548
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Originally posted by Semillon81: ↑

Gotta love the management here, creating value, constant progress.

To spin off the manganese asset at a time when battery metals are really just starting to take off is shrewd indeed.

"Subject to shareholder approval and the receipt of necessary waivers from the ASX, Firefly shareholders registered on the record date (to be advised in due course) will receive an in-specie distribution of 25M shares in FBM. It is intended that Firefly shareholders will also be given a priority entitlement to subscribe for FBM shares under the IPO. The nature and extent of the priority entitlement will be provided to Firefly shareholders in due course."Still time for new holders to get on board.

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is it worth to register for firebird metal IPO?
for medium term?

Thanks

FFR Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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