OK basically MLX will get $13m for the spin out
Shareholders not left out in the cold either.
65m in shares at 20c plus 25m options Ex25c 3yr strike = awesome
25m will be in specie distribution. I worked this out quickly at 1 NICO share for every 36 MLX held .
I think MLX also retain the 1.75% NSR ???
MLX will retain the 25m ops and will hold roughly 30% post in specie distribution.
Ann: Term sheet executed for spin out of nickel assets, page-2
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Last
43.3¢ |
Change
-0.013(2.81%) |
Mkt cap ! $391.9M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 44.5¢ | 43.0¢ | $207.3K | 471.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 35993 | 43.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.5¢ | 3503 | 1 |
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| Last trade - 10.43am 01/08/2024 (20 minute delay) ? |
| MLX (ASX) Chart |