@flaming The 1:4.3 share distribution is only applicabable to current shareholders, who will be given 48.6% (36.45m out of 75m) of the total Cannon shares. You should divide the current RXL market cap ($94.5m) with 8.84 and not 4.3. The implied market cap of Cannon is around $10.7m.
Ann: Rox to Demerge Nickel and Base Metal Assets, page-43
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Last
13.3¢ |
Change
0.003(1.92%) |
Mkt cap ! $53.95M | |||
| Open | High | Low | Value | Volume |
| 13.0¢ | 14.0¢ | 13.0¢ | $65.87K | 493.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 146015 | 13.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 14.0¢ | 385284 | 5 |
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| Last trade - 15.59pm 25/07/2024 (20 minute delay) ? |
| RXL (ASX) Chart |